Image Scan (LON:IGE) Stock Price Down 14.1% – Here’s Why

Image Scan Holdings Plc (LON:IGE) dropped 14.1% during trading on Thursday . The company traded as low as GBX 1.06 ($0.01) and last traded at GBX 1.25 ($0.02). Approximately 95,001 shares were traded during trading, a decline of 60% from the average daily volume of 239,846 shares. The stock had previously closed at GBX 1.45 ($0.02).

Image Scan Stock Down 11.8%

The company has a market capitalization of £1.69 million, a P/E ratio of -147.79 and a beta of 0.69. The company has a debt-to-equity ratio of 9.06, a quick ratio of 1.57 and a current ratio of 2.54. The stock has a 50 day moving average price of GBX 1.43 and a 200 day moving average price of GBX 1.79.

Image Scan (LON:IGE) last released its earnings results on Tuesday, May 20th. The company reported GBX (0.30) EPS for the quarter. Image Scan had a negative return on equity of 0.71% and a negative net margin of 0.43%. Equities research analysts forecast 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.