Ilika (LON:IKA) Shares Up 14.8% - Here's Why

Ilika plc (LON:IKA - Get Free Report) shares shot up 14.8% during trading on Wednesday . The company traded as high as GBX 31 ($0.38) and last traded at GBX 31 ($0.38). 185,875 shares traded hands during mid-day trading, a decline of 60% from the average session volume of 469,453 shares. The stock had previously closed at GBX 27 ($0.33).

Ilika Price Performance

The stock has a market cap of £58.56 million, a PE ratio of -1,166.67 and a beta of 1.94. The business has a fifty day moving average of GBX 22.93 and a 200 day moving average of GBX 23.13. The company has a debt-to-equity ratio of 3.07, a current ratio of 7.86 and a quick ratio of 15.43.

Ilika (LON:IKA - Get Free Report) last issued its 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 net margin of 230.24% and a negative return on equity of 21.33%. Sell-side analysts anticipate 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.