Shoe Zone (LON:SHOE) Shares Down 11.6% – Here’s Why

Shoe Zone plc (LON:SHOE)’s stock price dropped 11.6% during trading on Wednesday . The stock traded as low as GBX 42 and last traded at GBX 42. 139,584 shares were traded during trading, an increase of 99% from the average daily volume of 69,990 shares. The stock had previously closed at GBX 47.50.

Shoe Zone Stock Down 1.7%

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 stock has a market capitalization of £19.76 million, a P/E ratio of -16.96 and a beta of 0.66. The stock’s fifty day simple moving average is GBX 50.81 and its two-hundred day simple moving average is GBX 53.27.

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

Insiders Place Their Bets

In related news, insider John Charles Smith bought 1,533,693 shares of the stock in a transaction that occurred on Tuesday, May 19th. The stock was acquired at an average cost 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.