Sosandar (LON:SOS) Reaches New 1-Year High – Here’s What Happened
by Doug Wharley · The Cerbat GemShares of Sosandar Plc (LON:SOS – Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 10.50 and last traded at GBX 10.39, with a volume of 579923 shares traded. The stock had previously closed at GBX 9.60.
Sosandar Stock Up 8.2%
The company has a quick ratio of 1.40, a current ratio of 2.62 and a debt-to-equity ratio of 21.33. The company’s fifty day moving average is GBX 7.62 and its 200-day moving average is GBX 7.32. The company has a market cap of £23.20 million, a PE ratio of -26.63 and a beta of 1.50.
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.