Image Scan (LON:IGE) Trading Down 10% – Here’s What Happened

Shares of Image Scan Holdings Plc (LON:IGE) dropped 10% on Tuesday . The stock traded as low as GBX 1.80 and last traded at GBX 1.80. Approximately 250,413 shares traded hands during trading, an increase of 215% from the average daily volume of 79,479 shares. The stock had previously closed at GBX 2.

Image Scan Trading Down 10.0%

The firm has a market cap of £2.46 million, a P/E ratio of -8.57 and a beta of 0.69. The business’s 50-day moving average is GBX 1.96 and its two-hundred day moving average is GBX 1.61. The company has a current ratio of 2.54, a quick ratio of 1.57 and a debt-to-equity ratio of 9.06.

Image Scan (LON:IGE) last issued its earnings results on Tuesday, December 2nd. The company reported GBX (0.21) EPS for the quarter. Image Scan had a negative net margin of 0.43% and a negative return on equity of 0.71%. As a group, analysts expect that Image Scan Holdings Plc will post 0.1297899 earnings per share 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.