Sosandar (LON:SOS) Shares Up 12% – Time to Buy?

Sosandar Plc (LON:SOS) shares shot up 12% during trading on Thursday . The stock traded as high as GBX 11.48 and last traded at GBX 11.48. 1,432,350 shares were traded during trading, an increase of 125% from the average session volume of 637,908 shares. The stock had previously closed at GBX 10.25.

Sosandar Stock Down 3.6%

The company has a debt-to-equity ratio of 21.33, a current ratio of 2.62 and a quick ratio of 1.40. The company’s 50-day simple moving average is GBX 7.95 and its 200 day simple moving average is GBX 7.43. The firm has a market cap of £23.68 million, a P/E ratio of -27.18 and a beta of 1.50.

Sosandar Company Profile

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.