Image Scan (LON:IGE) Shares Down 13.3% – What’s Next?

Image Scan Holdings Plc (LON:IGE) was down 13.3% on Wednesday . The company traded as low as GBX 1.30 and last traded at GBX 1.30. Approximately 300,209 shares changed hands during mid-day trading, an increase of 141% from the average daily volume of 124,792 shares. The stock had previously closed at GBX 1.50.

Image Scan Trading Down 13.3%

The company has a 50 day moving average of GBX 1.59 and a 200-day moving average of GBX 1.65. The company has a debt-to-equity ratio of 6.56, a quick ratio of 1.57 and a current ratio of 2.29. The stock has a market cap of £1.78 million, a price-to-earnings ratio of -6.19 and a beta of 0.69.

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.