Image Scan (LON:IGE) Trading Down 17.7% – Here’s Why

Image Scan Holdings Plc (LON:IGE)’s stock price fell 17.7% during trading on Wednesday . The stock traded as low as GBX 2.38 ($0.03) and last traded at GBX 2.39 ($0.03). 604,035 shares changed hands during trading, an increase of 160% from the average session volume of 232,156 shares. The stock had previously closed at GBX 2.90 ($0.04).

Image Scan Price Performance

The firm has a market capitalization of £3.28 million, a price-to-earnings ratio of -287.19 and a beta of 0.69. The company has a current ratio of 2.54, a quick ratio of 1.57 and a debt-to-equity ratio of 9.06. The business has a 50-day moving average price of GBX 2.88 and a two-hundred day moving average price of GBX 2.71.

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

About Image Scan

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.