INSPECS Group (LON:SPEC) Shares Down 4.2% – Time to Sell?

INSPECS Group plc (LON:SPEC) shares were down 4.2% during mid-day trading on Wednesday . The company traded as low as GBX 92 and last traded at GBX 92. Approximately 7 shares were traded during trading, a decline of 100% from the average session volume of 485,231 shares. The stock had previously closed at GBX 96.

INSPECS Group Price Performance

The company has a debt-to-equity ratio of 74.99, a quick ratio of 0.89 and a current ratio of 1.32. The business’s fifty day simple moving average is GBX 91.71 and its 200 day simple moving average is GBX 83.52. The stock has a market cap of £105.68 million, a price-to-earnings ratio of -10.30 and a beta of 1.61.

INSPECS Group (LON:SPEC) last released its quarterly earnings results on Wednesday, May 13th. The company reported GBX 7.28 earnings per share for the quarter. The business had revenue of £191.70 million during the quarter. INSPECS Group had a negative net margin of 2.67% and a negative return on equity of 6.07%. Research analysts predict that INSPECS Group plc will post 5.5500982 EPS for the current fiscal 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). 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.