Ilika (LON:IKA) Trading 13.2% Higher - Here's Why

Ilika plc (LON:IKA - Get Free Report)'s share price traded up 13.2% during mid-day trading on Monday . The company traded as high as GBX 47.95 ($0.61) and last traded at GBX 47.50 ($0.60). 1,389,794 shares were traded during mid-day trading, an increase of 83% from the average session volume of 760,157 shares. The stock had previously closed at GBX 41.95 ($0.53).

Ilika Stock Performance

The stock's 50-day moving average price is GBX 27 and its 200-day moving average price is GBX 24.15. 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 has a market capitalization of £85.09 million, a P/E ratio of -16.81 and a beta of 1.94.

Ilika (LON:IKA - Get Free Report) last released 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 return on equity of 22.47% and a negative net margin of 631.68%. As a group, equities analysts expect that Ilika plc will post -5.0199998 EPS for the current 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.