INSPECS Group (LON:SPEC) Shares Up 3.3% – Here’s What Happened

Shares of INSPECS Group plc (LON:SPEC) traded up 3.3% during mid-day trading on Thursday. The stock traded as high as GBX 93 and last traded at GBX 93. 4,004 shares were traded during mid-day trading, a decline of 99% from the average daily volume of 773,922 shares. The stock had previously closed at GBX 90.

INSPECS Group Stock Performance

The company has a current ratio of 1.39, a quick ratio of 0.89 and a debt-to-equity ratio of 62.72. The stock’s fifty day simple moving average is GBX 92.77 and its 200 day simple moving average is GBX 90.51. The company has a market cap of £94.98 million, a price-to-earnings ratio of -16.29 and a beta of 1.60.

INSPECS Group (LON:SPEC) last released its quarterly earnings data on Thursday, September 10th. The company reported GBX (0.13) earnings per share for the quarter. INSPECS Group had a negative return on equity of 1.19% and a negative net margin of 0.52%. As a group, analysts anticipate that INSPECS Group plc will post 5.55 earnings per share for the current year.

About INSPECS Group

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.