Sosandar (LON:SOS) Trading Down 12.2% – Here’s What Happened

Sosandar Plc (LON:SOS)’s stock price dropped 12.2% during mid-day trading on Tuesday . The stock traded as low as GBX 7.01 and last traded at GBX 7.03. Approximately 1,348,432 shares traded hands during mid-day trading, a decline of 8% from the average daily volume of 1,461,096 shares. The stock had previously closed at GBX 8.

Sosandar Stock Performance

The firm has a fifty day moving average price of GBX 7.07 and a 200 day moving average price of GBX 6.32. The company has a current ratio of 4.17, a quick ratio of 1.40 and a debt-to-equity ratio of 3.42. The firm has a market cap of £16.89 million, a PE ratio of -18.03 and a beta of 2.28.

Sosandar (LON:SOS) last announced its quarterly earnings data on Tuesday, November 25th. The company reported GBX (0.44) earnings per share (EPS) for the quarter. Sosandar had a negative net margin of 0.91% and a negative return on equity of 2.39%. As a group, equities research analysts expect that Sosandar Plc will post 0.489081 earnings per share for the current fiscal year.

About Sosandar

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.