Shoe Zone (LON:SHOE) Trading 16.4% Higher – What’s Next?

Shoe Zone plc (LON:SHOE) was up 16.4% during mid-day trading on Tuesday . The stock traded as high as GBX 67 and last traded at GBX 65.17. Approximately 110,720 shares changed hands during mid-day trading, an increase of 42% from the average daily volume of 77,994 shares. The stock had previously closed at GBX 56.

Shoe Zone Stock Up 23.7%

The company has a debt-to-equity ratio of 111.48, a quick ratio of 0.49 and a current ratio of 1.24. The firm has a market capitalization of £32.01 million, a PE ratio of 16.97 and a beta of 0.70. The company’s 50 day simple moving average is GBX 46.67 and its 200-day simple moving average is GBX 57.34.

Shoe Zone (LON:SHOE) last posted its earnings results 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, analysts forecast that Shoe Zone plc will post 16.1335722 EPS for the current fiscal year.

Insider Transactions at Shoe Zone

In other news, insider John Charles Smith bought 1,533,693 shares of the stock in a transaction on Tuesday, May 19th. The shares were acquired at an average cost of GBX 50 per share, for a total transaction of £766,846.50. 58.92% of the stock is owned by corporate insiders.

Shoe Zone Company Profile

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.