Image Scan (LON:IGE) Shares Cross Above 50-Day Moving Average – Here’s What Happened

Shares of Image Scan Holdings Plc (LON:IGE) crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 1.92 and traded as high as GBX 2.07. Image Scan shares last traded at GBX 2.07, with a volume of 140 shares changing hands.

Image Scan Price Performance

The firm has a market capitalization of £2.60 million, a P/E ratio of -9.05 and a beta of 0.69. The firm’s 50 day simple moving average is GBX 1.93 and its two-hundred day simple moving average is GBX 1.59. The company has a debt-to-equity ratio of 9.06, a current ratio of 2.54 and a quick ratio of 1.57.

Image Scan (LON:IGE) last released its earnings results 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%. As a group, analysts predict that Image Scan Holdings Plc will post 0.1297899 earnings per share 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.