Ilika (LON:IKA) Trading 28.3% Higher - Time to Buy?

Ilika plc (LON:IKA - Get Free Report) shot up 28.3% during mid-day trading on Wednesday . The stock traded as high as GBX 35 ($0.43) and last traded at GBX 34.65 ($0.43). 877,951 shares traded hands during mid-day trading, an increase of 77% from the average session volume of 497,136 shares. The stock had previously closed at GBX 27 ($0.33).

Ilika Price Performance

The business's 50-day simple moving average is GBX 22.93 and its 200 day simple moving average is GBX 23.13. 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 £58.56 million, a P/E ratio of -1,166.67 and a beta of 1.94.

Ilika (LON:IKA - Get Free Report) last announced 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 return on equity of 21.33% and a negative net margin of 230.24%. As a group, sell-side analysts anticipate that Ilika plc will post -5.0199998 EPS 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.