INSPECS Group (LON:SPEC) Trading 8.2% Higher – What’s Next?

INSPECS Group plc (LON:SPEC)’s share price was up 8.2% during mid-day trading on Thursday . The company traded as high as GBX 66 and last traded at GBX 66. Approximately 475,254 shares changed hands during mid-day trading, an increase of 94% from the average daily volume of 244,661 shares. The stock had previously closed at GBX 61.

Analyst Ratings Changes

Separately, Peel Hunt reiterated an “add” rating and issued a GBX 60 target price on shares of INSPECS Group in a research report on Thursday, September 18th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, INSPECS Group presently has a consensus rating of “Buy” and an average price target of GBX 60.

INSPECS Group Price Performance

The company has a fifty day moving average of GBX 46.16 and a 200 day moving average of GBX 45.55. The firm has a market capitalization of £69.66 million, a P/E ratio of -8.50 and a beta of 2.22. The company has a debt-to-equity ratio of 43.59, a current ratio of 1.46 and a quick ratio of 0.89.

INSPECS Group (LON:SPEC) last announced its earnings results 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%. Sell-side analysts predict that INSPECS Group plc will post 5.5500982 earnings per share 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).