INSPECS Group (LON:SPEC) Shares Down 10.6% – Here’s Why

INSPECS Group plc (LON:SPEC)’s stock price fell 10.6% during mid-day trading on Thursday . The company traded as low as GBX 43 ($0.55) and last traded at GBX 44.25 ($0.57). 199,249 shares changed hands during mid-day trading, a decline of 14% from the average session volume of 233,039 shares. The stock had previously closed at GBX 49.50 ($0.64).

INSPECS Group Price Performance

The company has a 50-day moving average of GBX 47.10 and a 200 day moving average of GBX 49. 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 stock has a market capitalization of £42.70 million, a PE ratio of -10.40 and a beta of 2.22.

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).