Sosandar (LON:SOS) Stock Falls 4.1% – Here’s What Happened

Sosandar Plc (LON:SOS)’s share price dropped 4.1% during mid-day trading on Monday. The stock traded as low as GBX 10.50 and last traded at GBX 10.53. Approximately 554,548 shares were traded during trading, an increase of 9% from the average daily volume of 508,141 shares. The stock had previously closed at GBX 10.97.

Sosandar Stock Performance

The stock has a market capitalization of £20.69 million, a P/E ratio of 68.57 and a beta of 1.58. The stock’s 50-day simple moving average is GBX 12.88 and its 200 day simple moving average is GBX 10.90. The company has a debt-to-equity ratio of 19.66, a current ratio of 2.77 and a quick ratio of 1.40.

Sosandar (LON:SOS) last issued its quarterly earnings data on Tuesday, July 14th. The company reported GBX 0.14 earnings per share for the quarter. Sosandar had a net margin of 0.84% and a return on equity of 2.09%. Research analysts expect that Sosandar Plc will post 0.49 EPS for the current fiscal year.

About Sosandar

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.