(VIANEWS) – Shares of POLIGHT (Oslo Børs Benchmark Index_GI: PLT.OL) dropped by a staggering 34.04% in 21 sessions from kr18.8 to kr12.40 at 17:36 EST on Tuesday, after three successive sessions in a row of losses. Oslo Børs Benchmark Index_GI is falling 1.24% to kr1,204.62, following the last session’s upward trend.
POLIGHT’s last close was kr11.88, 62.88% under its 52-week high of kr32.00.
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-0.94.
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%.
Moving Average
POLIGHT’s worth is way below its 50-day moving average of kr19.51 and way below its 200-day moving average of kr21.42.
Revenue Growth
Year-on-year quarterly revenue growth grew by 4.8%, now sitting on 13.36M for the twelve trailing months.
More news about POLIGHT (PLT.OL).
