INSPECS Group (LON:SPEC) Reaches New 52-Week High – Here’s What Happened

Shares of INSPECS Group plc (LON:SPEC) hit a new 52-week high on Thursday . The company traded as high as GBX 74 and last traded at GBX 72, with a volume of 465522 shares changing hands. The stock had previously closed at GBX 72.

Analyst Upgrades and Downgrades

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

INSPECS Group Stock Performance

The company has a current ratio of 1.46, a quick ratio of 0.89 and a debt-to-equity ratio of 43.59. The company has a 50-day moving average price of GBX 48.80 and a two-hundred day moving average price of GBX 46.60. The stock has a market capitalization of £73.20 million, a P/E ratio of -8.93 and a beta of 2.22.

INSPECS Group (LON:SPEC) last released 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 net margin of 2.10% and a negative return on equity of 4.00%. On average, equities analysts forecast that INSPECS Group plc will post 5.5500982 earnings per share 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).