Shoe Zone (LON:SHOE) Share Price Passes Below 200-Day Moving Average – Here’s Why

Shoe Zone plc (LON:SHOE)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 123.41 ($1.59) and traded as low as GBX 87 ($1.12). Shoe Zone shares last traded at GBX 89 ($1.15), with a volume of 37,493 shares changing hands.

Shoe Zone Price Performance

The firm has a market capitalization of £40.87 million, a PE ratio of 2.88 and a beta of 1.25. The company has a 50-day moving average price of GBX 98.10 and a 200-day moving average price of GBX 123.12. The company has a debt-to-equity ratio of 107.10, a current ratio of 1.16 and a quick ratio of 0.49.

Shoe Zone (LON:SHOE) last released its quarterly earnings results on Tuesday, January 21st. The company reported GBX 16.04 ($0.21) earnings per share (EPS) for the quarter. Shoe Zone had a net margin of 8.58% and a return on equity of 46.48%. Sell-side analysts forecast that Shoe Zone plc will post 16.1335722 EPS for the current year.

About Shoe Zone

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.