Shoe Zone (LON:SHOE) Shares Up 20% – Time to Buy?

Shares of Shoe Zone plc (LON:SHOE) rose 20% during trading on Thursday . The company traded as high as GBX 60 and last traded at GBX 60. Approximately 153,490 shares were traded during trading, an increase of 128% from the average session volume of 67,228 shares. The stock had previously closed at GBX 50.

Shoe Zone Trading Up 7.4%

The company has a debt-to-equity ratio of 111.48, a quick ratio of 0.49 and a current ratio of 1.24. The firm has a market capitalization of £28.55 million, a price-to-earnings ratio of -24.50 and a beta of 0.67. The company has a 50-day moving average price of GBX 51.53 and a 200-day moving average price of GBX 51.85.

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

Insider Buying and Selling at Shoe Zone

In other news, insider John Charles Smith bought 1,533,693 shares of the firm’s stock in a transaction that occurred 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. Insiders own 64.90% of the company’s stock.

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.