Sosandar (LON:SOS) Trading Down 9.1% – What’s Next?

Sosandar Plc (LON:SOS)’s share price was down 9.1% during trading on Thursday . The stock traded as low as GBX 5 ($0.07) and last traded at GBX 5 ($0.07). Approximately 8,002,012 shares traded hands during mid-day trading, an increase of 1,562% from the average daily volume of 481,526 shares. The stock had previously closed at GBX 5.50 ($0.07).

Sosandar Trading Down 9.1%

The company has a quick ratio of 1.40, a current ratio of 4.17 and a debt-to-equity ratio of 3.42. The firm has a 50 day moving average of GBX 6.62 and a 200 day moving average of GBX 6.91. The firm has a market cap of £12.41 million, a PE ratio of -29.34 and a beta of 2.28.

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

Insider Activity at Sosandar

In related news, insider Adam Reynolds purchased 500,000 shares of the business’s stock in a transaction dated Tuesday, July 29th. The stock was purchased at an average cost of GBX 575 per share, with a total value of £2,875,000. 31.20% of the stock is owned by insiders.

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.