INSPECS Group (LON:SPEC) Shares Up 10.8% – Here’s What Happened

INSPECS Group plc (LON:SPEC)’s share price shot up 10.8% during trading on Thursday . The stock traded as high as GBX 85.75 and last traded at GBX 83.10. 1,892,883 shares changed hands during trading, an increase of 44% from the average session volume of 1,318,597 shares. The stock had previously closed at GBX 75.

INSPECS Group Price Performance

The company has a debt-to-equity ratio of 43.59, a quick ratio of 0.89 and a current ratio of 1.46. The stock has a market capitalization of £84.49 million, a price-to-earnings ratio of -10.31 and a beta of 2.22. The business’s 50 day simple moving average is GBX 71.75 and its 200-day simple moving average is GBX 59.56.

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.