INSPECS Group (LON:SPEC) Shares Down 3.5% – Time to Sell?

INSPECS Group plc (LON:SPEC)’s share price was down 3.5% during trading on Thursday . The company traded as low as GBX 68.03 and last traded at GBX 68.03. Approximately 40,262 shares changed hands during mid-day trading, a decline of 33% from the average daily volume of 59,806 shares. The stock had previously closed at GBX 70.50.

Analysts Set New Price Targets

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

INSPECS Group Stock Performance

The company has a market cap of £71.17 million, a P/E ratio of -8.68 and a beta of 2.22. 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 business has a fifty day simple moving average of GBX 72.27 and a two-hundred day simple moving average of GBX 54.75.

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.