Image Scan (LON:IGE) Trading Down 9.3% – Here’s What Happened

Shares of Image Scan Holdings Plc (LON:IGE) fell 9.3% on Wednesday . The stock traded as low as GBX 1.90 and last traded at GBX 1.90. 100,008 shares were traded during mid-day trading, a decline of 58% from the average session volume of 236,621 shares. The stock had previously closed at GBX 2.10.

Image Scan Price Performance

The company has a market capitalization of £2.63 million, a price-to-earnings ratio of -9.14 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 company’s 50 day simple moving average is GBX 1.70 and its 200-day simple moving average is GBX 1.51.

Image Scan (LON:IGE) last posted its quarterly earnings data on Tuesday, December 2nd. The company reported GBX (0.21) earnings per share for the quarter. Image Scan had a negative net margin of 0.43% and a negative return on equity of 0.71%. On average, equities research analysts predict 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.