Ilika (LON:IKA) Trading 29.6% Higher – Here’s Why

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

Ilika Stock Down 2.0 %

The business has a 50 day simple moving average of GBX 22.36 and a 200-day simple moving average of GBX 23.03. 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 firm has a market capitalization of £57.36 million, a price-to-earnings ratio of -1,142.93 and a beta of 1.94.

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