Sosandar (LON:SOS) Hits New 12-Month High – Here’s What Happened

Sosandar Plc (LON:SOS) shares reached a new 52-week high on Tuesday . The stock traded as high as GBX 10.50 and last traded at GBX 10.39, with a volume of 579923 shares. The stock had previously closed at GBX 9.60.

Sosandar Price Performance

The company’s 50-day moving average is GBX 7.87 and its two-hundred day moving average is GBX 7.41. The company has a debt-to-equity ratio of 21.33, a current ratio of 2.62 and a quick ratio of 1.40. The firm has a market cap of £24.26 million, a P/E ratio of -27.85 and a beta of 1.50.

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. 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.