Sosandar (LON:SOS) Trading Down 3.1% – Here’s What Happened

Sosandar Plc (LON:SOS)’s share price dropped 3.1% during trading on Tuesday . The company traded as low as GBX 12.60 and last traded at GBX 12.60. 123,813 shares traded hands during trading, a decline of 78% from the average daily volume of 563,552 shares. The stock had previously closed at GBX 13.

Sosandar Trading Down 3.1%

The business has a 50-day simple moving average of GBX 11.99 and a two-hundred day simple moving average of GBX 9.43. The stock has a market cap of £27.42 million, a price-to-earnings ratio of 90.00 and a beta of 1.59. The company has a debt-to-equity ratio of 19.66, a current ratio of 2.77 and a quick ratio of 1.40.

Sosandar (LON:SOS) last released its quarterly earnings data on Tuesday, July 14th. The company reported GBX 0.14 earnings per share (EPS) for the quarter. Sosandar had a return on equity of 2.09% and a net margin of 0.84%. Equities analysts forecast that Sosandar Plc will post 0.489081 EPS for the current fiscal year.

Sosandar Company Profile

Sosandar is a womenswear brand, specifically targeted at a generation of women who have graduated from throwaway fashion and are looking for quality, affordable clothing with a premium, trend-led aesthetic. This is a section of the market that is currently being underserved.

Sosandar was launched in September 2016. The Sosandar business model is built around using trend-led, exclusive designs produced in-house and then manufactured using a variety of global suppliers. Sosandar caters for a growing market of fashion conscious women, while utilising an outsourced logistics provider that can support its planned growth over the coming years.