INSPECS Group (LON:SPEC) Stock Jumps 3.3% – Here’s Why

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

INSPECS Group Price Performance

The company has a market capitalization of £101.53 million, a PE ratio of -17.42 and a beta of 1.60. The firm has a fifty day simple moving average of GBX 92.91 and a 200 day simple moving average of GBX 90.54. The company has a debt-to-equity ratio of 62.72, a quick ratio of 0.89 and a current ratio of 1.39.

INSPECS Group (LON:SPEC) last announced its quarterly earnings results on Thursday, September 10th. The company reported GBX (0.13) EPS for the quarter. INSPECS Group had a negative net margin of 0.52% and a negative return on equity of 1.19%. Equities analysts anticipate that INSPECS Group plc will post 5.55 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). 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.