INSPECS Group (LON:SPEC) Shares Up 10.8% – Here’s What Happened

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

INSPECS Group Price Performance

The company has a fifty day simple moving average of GBX 71.75 and a 200-day simple moving average of GBX 59.56. The company has a market cap of £84.49 million, a P/E ratio of -10.31 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 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.