Image Scan (LON:IGE) Shares Up 31.4% – Here’s Why

Image Scan Holdings Plc (LON:IGE) shares shot up 31.4% on Friday . The stock traded as high as GBX 2.60 and last traded at GBX 2.30. 4,671,597 shares traded hands during mid-day trading, an increase of 2,378% from the average session volume of 188,540 shares. The stock had previously closed at GBX 1.75.

Image Scan Stock Up 31.4%

The company has a current ratio of 2.35, a quick ratio of 1.57 and a debt-to-equity ratio of 1.53. The firm has a market capitalization of £3.15 million, a PE ratio of 15.33 and a beta of 0.69. The firm has a 50-day moving average of GBX 1.68 and a two-hundred day moving average of GBX 1.75.

Image Scan (LON:IGE) last released its quarterly earnings data on Thursday, April 30th. The company reported GBX 0.06 EPS for the quarter. The company had revenue of GBX 132 million for the quarter. Image Scan had a return on equity of 14.23% and a net margin of 8.07%. On average, equities research analysts forecast that Image Scan Holdings Plc will post 0.1297899 EPS for the current 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.