Image Scan (LON:IGE) Shares Pass Above Fifty Day Moving Average – Here’s Why

Image Scan Holdings Plc (LON:IGE)’s share price crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 2.87 ($0.04) and traded as high as GBX 2.93 ($0.04). Image Scan shares last traded at GBX 2.80 ($0.04), with a volume of 3,743 shares changing hands.

Image Scan Stock Performance

The company has a market cap of £3.83 million, a PE ratio of -335.30 and a beta of 0.69. The company has a debt-to-equity ratio of 9.06, a current ratio of 2.54 and a quick ratio of 1.57. The business has a 50-day moving average of GBX 2.87 and a 200 day moving average of GBX 2.70.

Image Scan (LON:IGE) last posted its quarterly earnings data on Tuesday, December 3rd. The company reported GBX 0.15 ($0.00) EPS for the quarter. Image Scan had a negative return on equity of 0.71% and a negative net margin of 0.43%. Equities research analysts anticipate that Image Scan Holdings Plc will post 0.1297899 EPS for the current fiscal year.

Image Scan Company Profile

Image Scan Holdings Plc, through its subsidiary 3DX-Ray Limited, engages in the manufacture and sale of portable X-ray systems for security and counter-terrorism applications in the United Kingdom, Europe, the Middle East, Africa, Asia, Indian Subcontinent, and the Americas. Its security products include portable systems, such as ThreatScan-LS1, ThreatScan-LS3, ThreatScan-AS1(ISC), ThreatScan-LSC, and chemical detection products; mail and baggage screening products, including AXIS-CXi screening and conveyor systems; metal detection products, including AXIS archway and walk by metal detectors; and blast protection and EOD/IEDD equipment.