INSPECS Group (LON:SPEC) Shares Up 13.1% – What’s Next?

by · The Markets Daily

Shares of INSPECS Group plc (LON:SPEC – Get Free Report) shot up 13.1% on Wednesday . The stock traded as high as GBX 82.04 and last traded at GBX 82. 8,750,816 shares changed hands during mid-day trading, an increase of 2,874% from the average session volume of 294,267 shares. The stock had previously closed at GBX 72.50.

Wall Street Analysts Forecast Growth

Separately, Peel Hunt reissued an “add” rating and issued a GBX 60 price target on shares of INSPECS Group in a report on Thursday, September 18th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, INSPECS Group presently has an average rating of “Buy” and an average price target of GBX 60.

Check Out Our Latest Stock Analysis on SPEC

INSPECS Group Stock Performance

The stock’s fifty day simple moving average is GBX 62.09 and its two-hundred day simple moving average is GBX 51.11. The company has a market cap of £83.37 million, a price-to-earnings ratio of -10.17 and a beta of 2.22. The company has a debt-to-equity ratio of 43.59, a quick ratio of 0.89 and a current ratio of 1.46.

INSPECS Group (LON:SPEC – Get Free Report) last issued its earnings results on Thursday, September 18th. The company reported GBX 2.19 earnings per share for the quarter. INSPECS Group had a negative return on equity of 4.00% and a negative net margin of 2.10%. Equities research analysts anticipate that INSPECS Group plc will post 5.5500982 EPS for the current year.

About INSPECS Group

(Get Free Report)

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).

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