INSPECS Group (LON:SPEC) Hits New 1-Year High – Should You Buy?

INSPECS Group plc (LON:SPEC)’s stock price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 76 and last traded at GBX 73, with a volume of 1596263 shares trading hands. The stock had previously closed at GBX 70.60.

Analyst Upgrades and Downgrades

Separately, Peel Hunt reiterated an “add” rating and issued a GBX 60 target price on shares of INSPECS Group in a report on Thursday, September 18th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of GBX 60.

INSPECS Group Trading Up 3.4%

The company’s 50 day simple moving average is GBX 51.61 and its 200-day simple moving average is GBX 47.70. The firm has a market cap of £74.22 million, a P/E ratio of -9.06 and a beta of 2.22. The company has a quick ratio of 0.89, a current ratio of 1.46 and a debt-to-equity ratio of 43.59.

INSPECS Group (LON:SPEC) last issued its quarterly earnings results on Thursday, September 18th. The company reported GBX 2.19 earnings per share for the quarter. INSPECS Group had a negative return on equity of 4.00% and a negative net margin of 2.10%. As a group, research analysts predict that INSPECS Group plc will post 5.5500982 earnings per share 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).