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

Shares of INSPECS Group plc (LON:SPEC) shot up 2.2% on Thursday . The stock traded as high as GBX 70 and last traded at GBX 70. 99,914 shares changed hands during 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 Trading Up 2.2%

The firm has a market cap of £71.17 million, a PE ratio of -8.68 and a beta of 2.22. The company has a 50-day simple moving average of GBX 72.15 and a 200 day simple moving average of GBX 56.67. The company has a current ratio of 1.46, a quick ratio of 0.89 and a debt-to-equity ratio of 43.59.

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.