Ilika (LON:IKA) Trading 29.6% Higher - Here's Why

Shares of Ilika plc (LON:IKA - Get Free Report) were up 29.6% on Wednesday . The stock traded as high as GBX 35 ($0.43) and last traded at GBX 35 ($0.43). Approximately 1,905,615 shares changed hands during trading, an increase of 254% from the average daily volume of 538,242 shares. The stock had previously closed at GBX 27 ($0.33).

Ilika Price Performance

The company's 50-day moving average is GBX 22.93 and its 200-day moving average is GBX 23.11. The firm has a market capitalization of £58.56 million, a price-to-earnings ratio of -1,166.67 and a beta of 1.94. 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 announced its quarterly earnings results 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%. On average, research analysts expect that Ilika plc will post -5.0199998 earnings per share 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.