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

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 2.87 ($0.04) and traded as high as GBX 2.93 ($0.04). Image Scan shares last traded at GBX 2.80 ($0.04), with a volume of 3,743 shares changing hands.

Image Scan Trading Down 0.9 %

The stock has a market capitalization of £3.93 million, a P/E ratio of -344.04 and a beta of 0.69. The company has a current ratio of 2.54, a quick ratio of 1.57 and a debt-to-equity ratio of 9.06. The company has a 50-day moving average price of GBX 2.87 and a 200 day moving average price of GBX 2.70.

Image Scan (LON:IGE) last posted its quarterly earnings results on Tuesday, December 3rd. The company reported GBX 0.15 ($0.00) earnings per share for the quarter. Image Scan had a negative return on equity of 0.71% and a negative net margin of 0.43%. On average, research analysts forecast that Image Scan Holdings Plc will post 0.1297899 earnings per share for the current fiscal 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.