Inspired (LON:INSE) Stock Price Up 21.7% – Here’s Why

Inspired Plc (LON:INSE)’s stock price was up 21.7% during mid-day trading on Monday . The stock traded as high as GBX 43 ($0.55) and last traded at GBX 42.60 ($0.54). Approximately 242,290 shares were traded during mid-day trading, an increase of 132% from the average daily volume of 104,529 shares. The stock had previously closed at GBX 35 ($0.44).

Wall Street Analysts Forecast Growth

Separately, Shore Capital reissued a “house stock” rating on shares of Inspired in a research note on Friday, August 16th.

Inspired Stock Performance

The company has a quick ratio of 1.59, a current ratio of 2.14 and a debt-to-equity ratio of 101.57. The firm has a 50 day moving average of GBX 40.63 and a 200-day moving average of GBX 63.06. The company has a market cap of £44.85 million, a P/E ratio of 3,450.00 and a beta of 0.53.

Inspired Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, December 13th. Investors of record on Thursday, October 10th will be issued a GBX 1.45 ($0.02) dividend. The ex-dividend date is Thursday, October 10th. This represents a dividend yield of 2.21%. Inspired’s payout ratio is currently 30,000.00%.

About Inspired

Inspired Plc provides energy consultancy services to corporate business energy users in the United Kingdom and Ireland. Its Assurance Division reviews, analyzes, and negotiates gas and electricity contracts. The company's Optimisation Division focuses on client's energy consumption optimization services include forensic audits, energy projects, and water solutions.