INSPECS Group (LON:SPEC) Trading Up 10.8% – Should You Buy?

INSPECS Group plc (LON:SPEC) was up 10.8% on Thursday . The company traded as high as GBX 85.75 and last traded at GBX 83.10. Approximately 1,892,883 shares changed hands during mid-day trading, an increase of 44% from the average daily volume of 1,318,597 shares. The stock had previously closed at GBX 75.

INSPECS Group Stock Down 4.3%

The stock has a market cap of £81.70 million, a price-to-earnings ratio of -9.97 and a beta of 2.22. The firm’s 50 day moving average is GBX 71.74 and its two-hundred day moving average is GBX 59.97. The company has a current ratio of 1.46, a quick ratio of 0.89 and a debt-to-equity ratio of 43.59.

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). As one of only a few companies that can offer this one-stop-shop solution to global retail chains, Inspecs is well positioned to continue to take market share in the globally expanding eyewear market.

Inspecs customers include global optical and non-optical retailers, global distributors and independent opticians, with its distribution network covering over 80 countries and reaching approximately 30,000 points of sale.