Sosandar (LON:SOS) Shares Up 9.3% – Should You Buy?

Sosandar Plc (LON:SOS) shares were up 9.3% during mid-day trading on Tuesday . The company traded as high as GBX 7.25 and last traded at GBX 7.24. Approximately 604,560 shares were traded during trading, a decline of 13% from the average daily volume of 694,462 shares. The stock had previously closed at GBX 6.63.

Sosandar Trading Up 12.5%

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 company has a market cap of £16.64 million, a price-to-earnings ratio of -19.10 and a beta of 1.42. The business’s 50-day simple moving average is GBX 6.77 and its 200-day simple moving average is GBX 6.82.

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.