INSPECS Group (LON:SPEC) Shares Down 13.1% – What’s Next?

INSPECS Group plc (LON:SPEC) shares dropped 13.1% during mid-day trading on Thursday . The company traded as low as GBX 73.40 and last traded at GBX 74.75. Approximately 25,635,031 shares changed hands during trading, an increase of 4,569% from the average daily volume of 549,106 shares. The stock had previously closed at GBX 86.

Analyst Upgrades and Downgrades

Separately, Peel Hunt restated an “add” rating and set a GBX 60 price objective on shares of INSPECS Group in a research note on Thursday, September 18th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of GBX 60.

INSPECS Group Stock Performance

The firm has a 50-day moving average of GBX 64.98 and a two-hundred day moving average of GBX 52.11. The company has a quick ratio of 0.89, a current ratio of 1.46 and a debt-to-equity ratio of 43.59. The company has a market capitalization of £74.22 million, a PE ratio of -9.06 and a beta of 2.22.

INSPECS Group (LON:SPEC) last released its quarterly earnings data on Thursday, September 18th. The company reported GBX 2.19 EPS for the quarter. INSPECS Group had a negative return on equity of 4.00% and a negative net margin of 2.10%. Research analysts anticipate that INSPECS Group plc will post 5.5500982 EPS for the current year.

INSPECS Group Company Profile

Inspecs is a designer, manufacturer and distributor of eyewear frames. The Group produces a broad range of frames, covering optical, sunglasses and safety, which are either “Branded” (either under licence or under the Group’s own proprietary brands), or “OEM” (including private label on behalf of retail customers and un-branded).