Sosandar (LON:SOS) Stock Price Up 3.6% – Here’s Why

Sosandar Plc (LON:SOS)’s stock price rose 3.6% during mid-day trading on Tuesday . The company traded as high as GBX 5.49 ($0.07) and last traded at GBX 5.44 ($0.07). Approximately 209,063 shares traded hands during trading, a decline of 65% from the average daily volume of 593,298 shares. The stock had previously closed at GBX 5.25 ($0.07).

Sosandar Stock Up 12.4%

The business has a 50-day moving average of GBX 5.22 and a 200-day moving average of GBX 6.60. The company has a debt-to-equity ratio of 3.42, a quick ratio of 1.40 and a current ratio of 4.17. The stock has a market capitalization of £14.65 million, a price-to-earnings ratio of -2,681.82 and a beta of 2.28.

Sosandar (LON:SOS) last issued its quarterly earnings data on Tuesday, July 15th. The company reported GBX (0.22) earnings per share (EPS) for the quarter. Sosandar had a negative return on equity of 2.39% and a negative net margin of 0.91%. On average, sell-side analysts expect that Sosandar Plc will post 0.489081 EPS for the current year.

Insider Activity

In other Sosandar news, insider Adam Reynolds acquired 500,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 29th. The stock was purchased at an average cost of GBX 575 per share, with a total value of £2,875,000. Insiders own 8.07% of the company’s stock.

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.