INSPECS Group (LON:SPEC) Stock Price Down 13.1% – Here’s Why

INSPECS Group plc (LON:SPEC)’s share price was down 13.1% during mid-day trading on Thursday . The stock traded as low as GBX 73.40 and last traded at GBX 74.75. Approximately 25,635,031 shares were traded during mid-day trading, an increase of 4,569% from the average daily volume of 549,106 shares. The stock had previously closed at GBX 86.

Wall Street Analyst Weigh In

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

INSPECS Group Price Performance

The company has a quick ratio of 0.89, a current ratio of 1.46 and a debt-to-equity ratio of 43.59. The stock’s 50 day moving average price is GBX 65.95 and its two-hundred day moving average price is GBX 52.35. The firm has a market capitalization of £70.41 million, a price-to-earnings ratio of -8.59 and a beta of 2.22.

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

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.