Sosandar (LON:SOS) Trading 8.3% Higher – Time to Buy?

Sosandar Plc (LON:SOS)’s share price traded up 8.3% during mid-day trading on Thursday . The stock traded as high as GBX 6.50 ($0.09) and last traded at GBX 6.50 ($0.09). 343,262 shares were traded during mid-day trading, a decline of 28% from the average session volume of 475,410 shares. The stock had previously closed at GBX 6 ($0.08).

Sosandar Trading Up 8.3 %

The business’s 50 day moving average price is GBX 6.56 and its 200-day moving average price is GBX 7.46. The company has a market cap of £16.13 million, a price-to-earnings ratio of -38.14 and a beta of 2.28. The company has a debt-to-equity ratio of 3.42, a quick ratio of 1.40 and a current ratio of 4.17.

Sosandar Company Profile

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.