INSPECS Group (LON:SPEC) Reaches New 52-Week High – Still a Buy?

Shares of INSPECS Group plc (LON:SPEC) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 86.09 and last traded at GBX 86.09, with a volume of 3578390 shares trading hands. The stock had previously closed at GBX 82.40.

Analysts Set New Price Targets

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

INSPECS Group Stock Performance

The firm has a 50 day simple moving average of GBX 64.20 and a 200-day simple moving average of GBX 51.87. The company has a market cap of £87.53 million, a price-to-earnings ratio of -10.68 and a beta of 2.22. The company has a debt-to-equity ratio of 43.59, a current ratio of 1.46 and a quick ratio of 0.89.

INSPECS Group (LON:SPEC) last issued 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%. As a group, analysts predict 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).