INSPECS Group (LON:SPEC) Shares Up 2.2% – Here’s What Happened

INSPECS Group plc (LON:SPEC)’s stock price traded up 2.2% on Thursday . The company traded as high as GBX 70 and last traded at GBX 70. 99,914 shares were traded during mid-day trading, a decline of 15% from the average session volume of 117,414 shares. The stock had previously closed at GBX 68.50.

INSPECS Group Stock Up 2.2%

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 company has a market capitalization of £71.17 million, a price-to-earnings ratio of -8.68 and a beta of 2.22. The business’s 50-day moving average is GBX 72.15 and its 200-day moving average is GBX 56.67.

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.