INSPECS Group (LON:SPEC) Announces Earnings Results

INSPECS Group (LON:SPEC – Get Free Report) posted its quarterly earnings data on Wednesday. The company reported GBX 7.28 earnings per share (EPS) for the quarter, Digital Look Earnings reports. INSPECS Group had a negative return on equity of 8.73% and a negative net margin of 4.25%.The company had revenue of £191.70 million for the quarter.

INSPECS Group Trading Up 1.8%

SPEC stock traded up GBX 1.50 during midday trading on Wednesday, hitting GBX 85. 30,001 shares of the company’s stock were exchanged, compared to its average volume of 737,541. INSPECS Group has a 1-year low of GBX 38.05 and a 1-year high of GBX 87. The company has a current ratio of 1.49, a quick ratio of 0.89 and a debt-to-equity ratio of 65.81. The stock has a market capitalization of £86.42 million, a PE ratio of -10.55 and a beta of 1.67. The business has a 50-day simple moving average of GBX 82.94 and a two-hundred day simple moving average of GBX 75.41.

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About INSPECS Group

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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.

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