INSPECS Group (LON:SPEC) Issues Earnings Results

INSPECS Group (LON:SPEC) issued its quarterly earnings results on Wednesday. The company reported GBX 7.28 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 during the quarter.

INSPECS Group Stock Performance

SPEC traded up GBX 1.50 on Wednesday, reaching GBX 85. 30,001 shares of the stock were exchanged, compared to its average volume of 737,541. The company has a debt-to-equity ratio of 65.81, a current ratio of 1.49 and a quick ratio of 0.89. INSPECS Group has a fifty-two week low of GBX 38.05 and a fifty-two week high of GBX 87. The company’s 50-day moving average price is GBX 82.94 and its 200 day moving average price is GBX 75.41. The firm has a market capitalization of £86.42 million, a PE ratio of -10.55 and a beta of 1.67.

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). 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.