Ilika (LON:IKA) Shares Up 12.7% – Should You Buy?

Ilika plc (LON:IKA)’s share price traded up 12.7% during mid-day trading on Monday . The company traded as high as GBX 26.50 ($0.33) and last traded at GBX 26.49 ($0.33). 393,772 shares were traded during trading, a decline of 17% from the average session volume of 475,282 shares. The stock had previously closed at GBX 23.50 ($0.29).

Ilika Price Performance

The company’s 50-day simple moving average is GBX 21.37 and its 200 day simple moving average is GBX 22.92. The company has a debt-to-equity ratio of 3.07, a quick ratio of 15.43 and a current ratio of 7.86. The company has a market cap of £48.52 million, a PE ratio of -966.67 and a beta of 1.94.

Ilika (LON:IKA) last issued its quarterly earnings results on Tuesday, January 21st. The company reported GBX (0.01) ($0.00) earnings per share for the quarter. Ilika had a negative return on equity of 21.33% and a negative net margin of 230.24%. On average, sell-side analysts predict that Ilika plc will post -5.0199998 earnings per share for the current fiscal year.

Ilika Company Profile

Ilika plc (LON: IKA) is a pioneer in solid state battery technology with their innovative Stereax micro batteries designed for Industrial IoT and MedTech markets, and their Goliath large format batteries for the electric vehicle and consumer electronics markets. Ilika works closely with its ecosystem of partners to provide them with customisable Stereax micro batteries that provide the specific power requirements their IoT or MedTech application requires.