Sosandar (LON:SOS) Reaches New 1-Year High – Still a Buy?

Shares of Sosandar Plc (LON:SOS) hit a new 52-week high on Wednesday . The company traded as high as GBX 11.50 and last traded at GBX 11.40, with a volume of 371975 shares changing hands. The stock had previously closed at GBX 11.25.

Sosandar Stock Up 1.3%

The firm’s 50-day moving average price is GBX 10.05 and its 200-day moving average price is GBX 8.21. The company has a debt-to-equity ratio of 21.33, a current ratio of 2.62 and a quick ratio of 1.40. The company has a market cap of £24.87 million, a price-to-earnings ratio of -29.23 and a beta of 1.55.

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.