Image Scan (LON:IGE) Stock Price Up 20% – Here’s Why

Image Scan Holdings Plc (LON:IGE)’s share price rose 20% during mid-day trading on Wednesday . The stock traded as high as GBX 1.80 and last traded at GBX 1.80. Approximately 101,060 shares traded hands during mid-day trading, a decline of 34% from the average daily volume of 152,530 shares. The stock had previously closed at GBX 1.50.

Image Scan Trading Down 9.1%

The company has a debt-to-equity ratio of 9.06, a quick ratio of 1.57 and a current ratio of 2.54. The stock has a market capitalization of £2.05 million, a P/E ratio of -7.14 and a beta of 0.69. The business has a 50 day simple moving average of GBX 1.83 and a 200-day simple moving average of GBX 1.63.

Image Scan (LON:IGE) last posted its quarterly earnings data 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%. On average, analysts predict 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.