INSPECS Group (LON:SPEC) Sets New 52-Week High – Time to Buy?

INSPECS Group plc (LON:SPEC)’s stock price hit a new 52-week high on Friday . The company traded as high as GBX 72.75 and last traded at GBX 70, with a volume of 1122921 shares traded. The stock had previously closed at GBX 69.

Wall Street Analyst Weigh In

Separately, Peel Hunt restated an “add” rating and set a GBX 60 price target on shares of INSPECS Group in a research note on Thursday, September 18th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus 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 PE ratio of -8.68 and a beta of 2.22. The company’s fifty day moving average price is GBX 46.67 and its 200 day moving average price is GBX 45.71. 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 posted its earnings results on Thursday, September 18th. The company reported GBX 2.19 EPS for the quarter. INSPECS Group had a negative net margin of 2.10% and a negative return on equity of 4.00%. On average, equities research analysts predict that INSPECS Group plc will post 5.5500982 earnings per share for the current 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).