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

Inspired Plc (LON:INSE) was up 21.7% during trading on Monday . The stock traded as high as GBX 43 ($0.54) 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 reaffirmed a “house stock” rating on shares of Inspired in a research report on Monday.

Inspired Stock Down 0.9 %

The firm’s 50-day simple moving average is GBX 40.26 and its 200 day simple moving average is GBX 62.36. The company has a debt-to-equity ratio of 101.57, a quick ratio of 1.59 and a current ratio of 2.14. The stock has a market capitalization of £40.16 million, a P/E ratio of 3,850.00 and a beta of 0.53.

Inspired Cuts Dividend

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