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

Ilika plc (LON:IKA) shares rose 29.6% during trading on Wednesday . The stock traded as high as GBX 35 ($0.44) and last traded at GBX 35 ($0.44). Approximately 1,905,615 shares changed hands during mid-day 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 company 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 debt-to-equity ratio of 3.07, a current ratio of 7.86 and a quick ratio of 15.43. The stock has a 50 day moving average price of GBX 22.09 and a two-hundred day moving average price of GBX 22.97.

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