Image Scan (LON:IGE) Stock Price Up 28.1% – Here’s Why

Image Scan Holdings Plc (LON:IGE) shares rose 28.1% during mid-day trading on Thursday . The company traded as high as GBX 2.20 and last traded at GBX 2.05. Approximately 564,091 shares changed hands during trading, an increase of 396% from the average daily volume of 113,802 shares. The stock had previously closed at GBX 1.60.

Image Scan Stock Performance

The company has a quick ratio of 1.57, a current ratio of 2.29 and a debt-to-equity ratio of 6.56. The stock has a market cap of £2.39 million, a P/E ratio of -8.33 and a beta of 0.69. The stock has a fifty day simple moving average of GBX 1.56 and a 200-day simple moving average of GBX 1.68.

Image Scan (LON:IGE) last issued its earnings results on Thursday, April 30th. The company reported GBX 0.06 earnings per share (EPS) for the quarter. Image Scan had a negative return on equity of 21.12% and a negative net margin of 17.80%.The firm had revenue of GBX 132 million for the quarter. Equities analysts expect that Image Scan Holdings Plc will post 0.1297899 earnings per share for the current fiscal 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.