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

Ilika plc (LON:IKA) shares were up 29.6% 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 were traded 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 Price Performance

The company has a current ratio of 7.86, a quick ratio of 15.43 and a debt-to-equity ratio of 3.07. The company’s 50-day moving average price is GBX 22.09 and its two-hundred day moving average price is GBX 22.97. The company has a market cap of £58.56 million, a P/E ratio of -1,166.67 and a beta of 1.94.

Ilika (LON:IKA) last announced its quarterly earnings data on Tuesday, January 21st. The company reported GBX (0.01) ($0.00) earnings per share for the quarter. Ilika had a negative net margin of 230.24% and a negative return on equity of 21.33%. As a group, sell-side 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.