INSPECS Group (LON:SPEC) Trading 13.6% Higher – Here’s What Happened

INSPECS Group plc (LON:SPEC)’s share price was up 13.6% on Thursday . The company traded as high as GBX 44.89 ($0.56) and last traded at GBX 44.89 ($0.56). Approximately 960,531 shares changed hands during trading, an increase of 478% from the average daily volume of 166,049 shares. The stock had previously closed at GBX 39.50 ($0.49).

INSPECS Group Stock Performance

The business has a fifty day simple moving average of GBX 44.22 and a two-hundred day simple moving average of GBX 50.82. The company has a market cap of £43.46 million, a PE ratio of -13.93 and a beta of 2.22. The company has a debt-to-equity ratio of 60.51, a current ratio of 1.46 and a quick ratio of 0.89.

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).