Sosandar (LON:SOS) Trading Up 12% – Time to Buy?

Sosandar Plc (LON:SOS)’s stock price was up 12% during mid-day trading on Thursday . The company traded as high as GBX 11.48 and last traded at GBX 11.48. Approximately 1,432,350 shares traded hands during mid-day trading, an increase of 125% from the average daily volume of 637,908 shares. The stock had previously closed at GBX 10.25.

Sosandar Stock Performance

The company has a market capitalization of £25.35 million, a PE ratio of -29.10 and a beta of 1.50. The company has a debt-to-equity ratio of 21.33, a quick ratio of 1.40 and a current ratio of 2.62. The stock’s fifty day simple moving average is GBX 7.79 and its 200-day simple moving average is GBX 7.38.

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.