(VIANEWS) – Shares of POLIGHT (Oslo Børs Benchmark Index_GI: PLT.OL) dropped by a staggering 33.53% in 21 sessions from kr17 to kr11.30 at 14:37 EST on Tuesday, following the last session’s downward trend. Oslo Børs Benchmark Index_GI is sliding 1.22% to kr1,198.22, after two consecutive sessions in a row of gains.
POLIGHT’s last close was kr11.74, 61.83% below its 52-week high of kr30.76.
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-1.02.
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%.
Revenue Growth
Year-on-year quarterly revenue growth grew by 4.8%, now sitting on 13.36M for the twelve trailing months.
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