Ilika (LON:IKA) Trading Up 29.6% – Time to Buy?

Shares of Ilika plc (LON:IKA) rose 29.6% during trading on Wednesday . The company traded as high as GBX 35 ($0.44) and last traded at GBX 35 ($0.44). Approximately 1,905,615 shares changed hands during trading, an increase of 254% from the average daily volume of 538,242 shares. The stock had previously closed at GBX 27 ($0.34).

Ilika Stock Performance

The stock has a market capitalization of £58.56 million, a price-to-earnings ratio of -1,166.67 and a beta of 1.94. The company has a quick ratio of 15.43, a current ratio of 7.86 and a debt-to-equity ratio of 3.07. The company’s fifty day simple moving average is GBX 22.09 and its 200 day simple moving average is GBX 22.97.

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