INSPECS Group (LON:SPEC) Shares Cross Below 200-Day Moving Average – Time to Sell?

Shares of INSPECS Group plc (LON:SPEC) passed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of GBX 87.14 and traded as low as GBX 87. INSPECS Group shares last traded at GBX 87, with a volume of 11,762 shares changing hands.

INSPECS Group Stock Performance

The company has a market cap of £94.98 million, a PE ratio of -16.29 and a beta of 1.60. The business’s 50-day moving average is GBX 91.52 and its 200 day moving average is GBX 87.14. The company has a debt-to-equity ratio of 62.72, a quick ratio of 0.89 and a current ratio of 1.39.

INSPECS Group (LON:SPEC) last posted its quarterly earnings results on Thursday, September 10th. The company reported GBX (0.13) earnings per share for the quarter. INSPECS Group had a negative return on equity of 1.19% and a negative net margin of 0.52%. On average, equities research analysts predict that INSPECS Group plc will post 5.55 EPS 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.