Sosandar (LON:SOS) Issues Quarterly Earnings Results

Sosandar (LON:SOS) released its quarterly earnings data on Thursday. The company reported GBX (0.26) EPS for the quarter, Digital Look Earnings reports. The business had revenue of GBX 2,078 million for the quarter. Sosandar had a net margin of 0.84% and a return on equity of 2.09%.

Sosandar Stock Down 3.0%

Shares of LON SOS traded down GBX 0.30 during midday trading on Thursday, hitting GBX 9.70. The stock had a trading volume of 742,780 shares, compared to its average volume of 493,300. Sosandar has a 52 week low of GBX 6 and a 52 week high of GBX 14. The business’s 50 day moving average is GBX 12.01 and its 200-day moving average is GBX 9.96. The company has a quick ratio of 1.40, a current ratio of 2.77 and a debt-to-equity ratio of 19.66. The company has a market cap of £20.91 million, a P/E ratio of 69.29 and a beta of 1.58.

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.