(VIANEWS) – Shares of POLIGHT (Oslo Børs Benchmark Index_GI: PLT.OL) dropped by a staggering 28.92% in 21 sessions from kr14.8 to kr10.52 at 14:40 EST on Wednesday, after five successive sessions in a row of losses. Oslo Børs Benchmark Index_GI is dropping 0.47% to kr1,210.96, following the last session’s downward trend.
POLIGHT’s last close was kr10.52, 63.72% under its 52-week high of kr29.00.
About POLIGHT
poLight ASA develops optical lens for consumer devices and industrial applications. Its lens replicates the lens of the human eye enabling the implementation of autofocus functions for various applications. Its product portfolio includes Tunable Optical Lens (TLens) products; Tlens Silver and Tlens Silver Premium; and ASIC drivers that control the supply of variable voltage to Tlens products and makes them to change focus. The company offers its products for use in front and back camera phones; wearables, including AR/VR devices; tablet PCs; HD video cameras; drones; handheld devices; and barcode readers, as well for medical equipment. It has operations in Europe, Asia, and the United States. poLight ASA was founded in 2005 and is headquartered in Horten, Norway.
Earnings Per Share
As for profitability, POLIGHT has a trailing twelve months EPS of kr-1.2.
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is negative -37.29%.
Stock Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, POLIGHT’s stock is considered to be overbought (>=80).
Volume
Today’s last reported volume for POLIGHT is 294252 which is 73.01% above its average volume of 170076.
More news about POLIGHT (PLT.OL).
