Sosandar (LON:SOS) Stock Price Down 18.5% – Here’s Why

Sosandar Plc (LON:SOS) shares were down 18.5% during trading on Wednesday . The company traded as low as GBX 5.50 ($0.07) and last traded at GBX 5.50 ($0.07). Approximately 137,260 shares traded hands during mid-day trading, a decline of 73% from the average daily volume of 502,987 shares. The stock had previously closed at GBX 6.75 ($0.09).

Sosandar Stock Performance

The company’s fifty day simple moving average is GBX 6.57 and its two-hundred day simple moving average is GBX 7.97. 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 £13.28 million, a P/E ratio of -31.40 and a beta of 2.28.

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.