Shoe Zone (LON:SHOE) Shares Cross Above Fifty Day Moving Average – Here’s What Happened

Shoe Zone plc (LON:SHOE)’s share price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 54.42 and traded as high as GBX 64. Shoe Zone shares last traded at GBX 64, with a volume of 23,973 shares trading hands.

Shoe Zone Stock Up 4.9%

The firm has a 50-day simple moving average of GBX 54.42 and a two-hundred day simple moving average of GBX 51.31. The stock has a market cap of £29.59 million, a P/E ratio of -25.40 and a beta of 0.67. The company has a current ratio of 1.24, a quick ratio of 0.49 and a debt-to-equity ratio of 111.48.

Shoe Zone (LON:SHOE) last released its quarterly earnings results on Monday, May 11th. The company reported GBX (11.50) EPS for the quarter. The business had revenue of GBX 6,293 million during the quarter. Shoe Zone had a negative net margin of 0.82% and a negative return on equity of 3.48%. Equities research analysts expect that Shoe Zone plc will post 16.1335722 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider John Charles Smith acquired 1,533,693 shares of the company’s stock in a transaction on Tuesday, May 19th. The stock was purchased at an average cost of GBX 50 per share, with a total value of £766,846.50. 64.90% of the stock is owned by corporate insiders.

Shoe Zone Company Profile

Shoe Zone plc operates as a footwear retailer in the United Kingdom. It offers shoes for men, women, boys, and girls. It offers its product through stores and a website, shoezone.com. The company was incorporated in 2014 and is based in Leicester, the United Kingdom.