Shoe Zone (LON:SHOE) Trading Up 6.6% – Time to Buy?

Shoe Zone plc (LON:SHOE)’s stock price shot up 6.6% during trading on Tuesday . The stock traded as high as GBX 75 and last traded at GBX 65. Approximately 264,926 shares traded hands during mid-day trading, an increase of 304% from the average session volume of 65,572 shares. The stock had previously closed at GBX 61.

Shoe Zone Trading Down 4.8%

The company has a market cap of £32.36 million, a price-to-earnings ratio of -27.78 and a beta of 0.69. The company has a current ratio of 1.24, a quick ratio of 0.49 and a debt-to-equity ratio of 111.48. The business’s 50 day moving average price is GBX 54.64 and its 200-day moving average price is GBX 51.54.

Shoe Zone (LON:SHOE) last released 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 company had revenue of GBX 6,293 million during the quarter. On average, equities analysts anticipate that Shoe Zone plc will post 16.1335722 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider John Charles Smith acquired 1,533,693 shares of the stock in a transaction on Tuesday, May 19th. The shares were purchased at an average price of GBX 50 per share, for a total transaction of £766,846.50. 64.90% of the stock is currently 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.