Shoe Zone (LON:SHOE) Trading Down 11.6% – Here’s Why

Shoe Zone plc (LON:SHOE)’s stock price dropped 11.6% on Wednesday . The stock traded as low as GBX 42 and last traded at GBX 42. Approximately 139,584 shares changed hands during trading, an increase of 99% from the average daily volume of 69,990 shares. The stock had previously closed at GBX 47.50.

Shoe Zone Stock Down 11.6%

The company has a debt-to-equity ratio of 111.48, a current ratio of 1.24 and a quick ratio of 0.49. The business’s fifty day moving average price is GBX 51.08 and its two-hundred day moving average price is GBX 53.72. The stock has a market capitalization of £19.42 million, a PE ratio of -16.67 and a beta of 0.66.

Shoe Zone (LON:SHOE) last announced its quarterly earnings data on Monday, May 11th. The company reported GBX (11.50) earnings per share (EPS) for the quarter. Shoe Zone had a negative return on equity of 3.48% and a negative net margin of 0.82%.The firm had revenue of GBX 6,293 million during the quarter. On average, equities research analysts forecast that Shoe Zone plc will post 16.1335722 EPS for the current fiscal year.

Insider Transactions at Shoe Zone

In other Shoe Zone news, insider John Charles Smith purchased 1,533,693 shares of Shoe Zone stock in a transaction on Tuesday, May 19th. The stock was bought at an average cost of GBX 50 per share, with a total value of £766,846.50. Corporate insiders own 64.90% of the company’s stock.

About Shoe Zone

Shoe Zone plc operates as a footwear retailer in the United Kingdom. It offers shoes for men, women, boys, and girls. It offers its product through stores and a website, shoezone.com. The company was incorporated in 2014 and is based in Leicester, the United Kingdom.