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

INSPECS Group plc (LON:SPEC) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 98 and last traded at GBX 98, with a volume of 33492 shares changing hands. The stock had previously closed at GBX 84.50.

INSPECS Group Stock Up 16.0%

The company has a debt-to-equity ratio of 74.99, a current ratio of 1.32 and a quick ratio of 0.89. The company has a market capitalization of £99.64 million, a PE ratio of -10.43 and a beta of 1.67. The business’s 50 day simple moving average is GBX 83.09 and its 200 day simple moving average is GBX 78.35.

INSPECS Group (LON:SPEC) last posted 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%. As a group, analysts anticipate that INSPECS Group plc will post 5.5500982 earnings per share 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.