INSPECS Group (LON:SPEC) Stock Price Up 3.2% – Here’s What Happened

INSPECS Group plc (LON:SPEC)’s share price rose 3.2% during mid-day trading on Friday . The company traded as high as GBX 64 and last traded at GBX 64. Approximately 335,978 shares changed hands during mid-day trading, an increase of 37% from the average daily volume of 244,709 shares. The stock had previously closed at GBX 62.

Analyst Ratings Changes

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

INSPECS Group Trading Up 3.2%

The firm’s 50-day moving average price is GBX 45.06 and its 200 day moving average price is GBX 45.05. The company has a market cap of £65.07 million, a price-to-earnings ratio of -7.94 and a beta of 2.22. The company has a current ratio of 1.46, a quick ratio of 0.89 and a debt-to-equity ratio of 43.59.

INSPECS Group (LON:SPEC) last announced its quarterly earnings data on Thursday, September 18th. The company reported GBX 2.19 earnings per share (EPS) for the quarter. INSPECS Group had a negative return on equity of 4.00% and a negative net margin of 2.10%. As a group, equities analysts expect that INSPECS Group plc will post 5.5500982 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).