INSPECS Group (LON:SPEC) Stock Price Down 0.5% – Here’s What Happened

INSPECS Group plc (LON:SPEC)’s share price was down 0.5% during trading on Thursday. The company traded as low as GBX 91 and last traded at GBX 93. Approximately 20,372 shares changed hands during mid-day trading, a decline of 97% from the average daily volume of 693,990 shares. The stock had previously closed at GBX 93.50.

INSPECS Group Stock Performance

The stock has a fifty day moving average of GBX 94.41 and a 200-day moving average of GBX 89.75. The firm has a market capitalization of £100.99 million, a P/E ratio of -9.84 and a beta of 1.60. The company has a quick ratio of 0.89, a current ratio of 1.39 and a debt-to-equity ratio of 62.72.

INSPECS Group (LON:SPEC) last released its quarterly earnings results 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%. On average, research analysts anticipate that INSPECS Group plc will post 5.5500982 EPS 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.