Sosandar (LON:SOS) Sets New 52-Week High – Here’s Why

Sosandar Plc (LON:SOS) hit a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 11.50 and last traded at GBX 11.50, with a volume of 15725 shares changing hands. The stock had previously closed at GBX 10.66.

Sosandar Price Performance

The company’s 50 day simple moving average is GBX 9.52 and its 200 day simple moving average is GBX 7.96. 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 stock has a market cap of £23.84 million, a P/E ratio of -27.49 and a beta of 1.54.

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. 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.