Ilika (LON:IKA) Shares Up 13.2% – Should You Buy?

Shares of Ilika plc (LON:IKA) rose 13.2% during mid-day trading on Monday . The company traded as high as GBX 47.95 ($0.60) and last traded at GBX 47.50 ($0.60). Approximately 1,389,794 shares changed hands during mid-day trading, an increase of 83% from the average daily volume of 760,157 shares. The stock had previously closed at GBX 41.95 ($0.53).

Ilika Price Performance

The business’s 50-day simple moving average is GBX 25.80 and its 200-day simple moving average is GBX 23.81. The stock has a market cap of £83.25 million, a PE ratio of -16.45 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.

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 631.68% and a negative return on equity of 22.47%. On average, research analysts expect that Ilika plc will post -5.0199998 EPS 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.