Image Scan (LON:IGE) Stock Price Up 16.5% – Should You Buy?

Image Scan Holdings Plc (LON:IGE)’s stock price rose 16.5% during trading on Monday . The company traded as high as GBX 2.60 and last traded at GBX 2.56. 1,316,789 shares were traded during mid-day trading, an increase of 568% from the average session volume of 197,154 shares. The stock had previously closed at GBX 2.20.

Image Scan Stock Performance

The business has a 50 day moving average of GBX 2.05 and a 200 day moving average of GBX 1.78. The company has a market capitalization of £3.50 million, a P/E ratio of 17.07 and a beta of 0.22. The company has a quick ratio of 1.56, a current ratio of 2.35 and a debt-to-equity ratio of 1.53.

Image Scan (LON:IGE) last released its quarterly 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 business had revenue of GBX 132 million during the quarter. On average, sell-side analysts predict that Image Scan Holdings Plc will post 0.1297899 earnings per share 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.