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

Shares of Image Scan Holdings Plc (LON:IGE) rose 28.1% during 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 mid-day 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 stock has a 50-day moving average of GBX 1.56 and a 200 day moving average of GBX 1.68. The company has a debt-to-equity ratio of 6.56, a current ratio of 2.29 and a quick ratio of 1.57. The stock has a market capitalization of £2.39 million, a price-to-earnings ratio of -8.33 and a beta of 0.69.

Image Scan (LON:IGE) last announced its quarterly earnings data on Thursday, April 30th. The company reported GBX 0.06 EPS for the quarter. The firm had revenue of GBX 132 million during the quarter. Image Scan had a negative return on equity of 21.12% and a negative net margin of 17.80%. On average, analysts expect 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.