Image Scan (LON:IGE) Share Price Passes Above 50-Day Moving Average – Time to Sell?

Image Scan Holdings Plc (LON:IGE)’s share price crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 1.62 and traded as high as GBX 1.90. Image Scan shares last traded at GBX 1.60, with a volume of 18,127 shares changing hands.

Image Scan Price Performance

The company has a debt-to-equity ratio of 1.53, a current ratio of 2.35 and a quick ratio of 1.57. The company has a market capitalization of £2.19 million, a PE ratio of 10.67 and a beta of 0.69. The firm has a 50-day moving average of GBX 1.62 and a 200 day moving average of GBX 1.74.

Image Scan (LON:IGE) last posted its earnings results on Thursday, April 30th. The company reported GBX 0.06 earnings per share for the quarter. Image Scan had a return on equity of 14.23% and a net margin of 8.07%.The company had revenue of GBX 132 million for the quarter. As a group, research analysts anticipate 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.