Shoe Zone (LON:SHOE) Trading Up 20% – Here’s Why

Shoe Zone plc (LON:SHOE) rose 20% on Thursday . The company traded as high as GBX 60 and last traded at GBX 60. Approximately 153,490 shares changed hands during trading, an increase of 128% from the average daily volume of 67,228 shares. The stock had previously closed at GBX 50.

Shoe Zone Stock Up 20.0%

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 simple moving average of GBX 50.94 and a 200-day simple moving average of GBX 51.85. The firm has a market capitalization of £27.74 million, a price-to-earnings ratio of -23.81 and a beta of 0.66.

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

Insiders Place Their Bets

In other news, insider John Charles Smith purchased 1,533,693 shares of the company’s stock in a transaction dated Tuesday, May 19th. The stock was acquired at an average price of GBX 50 per share, with a total value of £766,846.50. 64.90% of the stock is owned by 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.