INSPECS Group (LON:SPEC) Hits New 52-Week High – Still a Buy?

INSPECS Group plc (LON:SPEC)’s share price reached a new 52-week high during trading on Thursday . The company traded as high as GBX 83 and last traded at GBX 82.01, with a volume of 4396766 shares traded. The stock had previously closed at GBX 82.40.

Wall Street Analyst Weigh In

Separately, Peel Hunt restated an “add” rating and set a GBX 60 price objective 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.com, the stock presently has a consensus rating of “Buy” and an average target price of GBX 60.

INSPECS Group Stock Performance

The company has a current ratio of 1.46, a quick ratio of 0.89 and a debt-to-equity ratio of 43.59. The firm has a 50-day moving average of GBX 61.35 and a 200-day moving average of GBX 50.89. The stock has a market capitalization of £83.38 million, a price-to-earnings ratio of -10.18 and a beta of 2.22.

INSPECS Group (LON:SPEC) last posted its earnings results on Thursday, September 18th. The company reported GBX 2.19 EPS for the quarter. INSPECS Group had a negative net margin of 2.10% and a negative return on equity of 4.00%. As a group, 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).