Sosandar (LON:SOS) Stock Price Down 0.6% – Here’s What Happened

by · The Cerbat Gem

Sosandar Plc (LON:SOS – Get Free Report) was down 0.6% on Monday. The stock traded as low as GBX 10 and last traded at GBX 10.19. 284,805 shares changed hands during trading, a decline of 42% from the average session volume of 495,178 shares. The stock had previously closed at GBX 10.25.

Sosandar Stock Performance

The firm has a 50 day moving average of GBX 12.11 and a two-hundred day moving average of GBX 9.93. The stock has a market cap of £21.96 million, a P/E ratio of 72.77 and a beta of 1.58. The company has a debt-to-equity ratio of 19.66, a quick ratio of 1.40 and a current ratio of 2.77.

About Sosandar

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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.

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