Shoe Zone (LON:SHOE) Shares Down 11.6% – Time to Sell?

Shoe Zone plc (LON:SHOE)’s stock price fell 11.6% during trading on Wednesday . The stock traded as low as GBX 42 and last traded at GBX 42. Approximately 139,584 shares traded hands during mid-day 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 stock has a market capitalization of £19.42 million, a PE ratio of -16.67 and a beta of 0.66. 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 business has a 50 day moving average of GBX 51.08 and a two-hundred day moving average of GBX 53.72.

Shoe Zone (LON:SHOE) last posted its quarterly earnings data on Monday, May 11th. The company reported GBX (11.50) EPS for the quarter. The firm had revenue of GBX 6,293 million for the quarter. Shoe Zone had a negative return on equity of 3.48% and a negative net margin of 0.82%. Analysts predict that Shoe Zone plc will post 16.1335722 EPS for the current year.

Insiders Place Their Bets

In other Shoe Zone news, insider John Charles Smith bought 1,533,693 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The shares were purchased at an average cost of GBX 50 per share, for a total transaction of £766,846.50. 64.90% of the stock is currently owned by company 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.