Ilika (LON:IKA) Shares Up 28.3% – Still a Buy?

Ilika plc (LON:IKA) shares rose 28.3% during trading on Wednesday . The stock traded as high as GBX 35 ($0.44) and last traded at GBX 34.65 ($0.43). Approximately 877,951 shares traded hands during mid-day trading, an increase of 77% from the average daily volume of 497,136 shares. The stock had previously closed at GBX 27 ($0.34).

Ilika Price Performance

The business’s 50 day moving average is GBX 22.64 and its two-hundred day moving average is GBX 23.08. 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 £56.38 million, a PE ratio of -1,123.33 and a beta of 1.94.

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

About Ilika

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.