INSPECS Group (LON:SPEC) Stock Price Down 4.2% – Here’s Why

INSPECS Group plc (LON:SPEC)’s stock price fell 4.2% on Wednesday . The company traded as low as GBX 92 and last traded at GBX 92. Approximately 7 shares changed hands during mid-day trading, a decline of 100% from the average session volume of 485,231 shares. The stock had previously closed at GBX 96.

INSPECS Group Stock Down 4.2%

The company has a quick ratio of 0.89, a current ratio of 1.32 and a debt-to-equity ratio of 74.99. The firm has a market cap of £100.44 million, a price-to-earnings ratio of -9.79 and a beta of 1.61. The stock’s 50 day moving average is GBX 91.42 and its 200 day moving average is GBX 83.33.

INSPECS Group (LON:SPEC) last announced its earnings results on Wednesday, May 13th. The company reported GBX 7.28 EPS for the quarter. The firm had revenue of £191.70 million for the quarter. INSPECS Group had a negative return on equity of 6.07% and a negative net margin of 2.67%. Analysts forecast that INSPECS Group plc will post 5.5500982 EPS for the current 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.