Sosandar (LON:SOS) Shares Down 9.7% – Here’s Why

Sosandar Plc (LON:SOS) dropped 9.7% during trading on Friday . The company traded as low as GBX 6.75 ($0.08) and last traded at GBX 7 ($0.09). Approximately 1,246,724 shares traded hands during trading, an increase of 297% from the average daily volume of 313,870 shares. The stock had previously closed at GBX 7.75 ($0.10).

Sosandar Price Performance

The stock has a 50 day moving average of GBX 8.79 and a two-hundred day moving average of GBX 9.51. The company has a debt-to-equity ratio of 3.42, a quick ratio of 1.40 and a current ratio of 4.18. The firm has a market capitalization of £16.13 million, a P/E ratio of 1,580.00 and a beta of 2.28.

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.