INSPECS Group (LON:SPEC) Hits New 12-Month High – Still a Buy?

Shares of INSPECS Group plc (LON:SPEC) hit a new 52-week high on Thursday . The company traded as high as GBX 74 and last traded at GBX 72, with a volume of 465522 shares. The stock had previously closed at GBX 72.

Analysts Set New Price Targets

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

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 business has a 50 day simple moving average of GBX 49.99 and a 200-day simple moving average of GBX 47.01. The firm has a market cap of £74.22 million, a price-to-earnings ratio of -9.06 and a beta of 2.22.

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

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).