Ilika (LON:IKA) Stock Price Up 12.7% – Here’s What Happened

Ilika plc (LON:IKA) shot up 12.7% during mid-day trading on Monday . The company traded as high as GBX 26.50 ($0.33) and last traded at GBX 26.49 ($0.33). 393,772 shares were traded during trading, a decline of 17% from the average session volume of 475,282 shares. The stock had previously closed at GBX 23.50 ($0.29).

Ilika Price Performance

The company has a debt-to-equity ratio of 3.07, a quick ratio of 15.43 and a current ratio of 7.86. The stock has a market cap of £48.52 million, a price-to-earnings ratio of -966.67 and a beta of 1.94. The company has a 50-day moving average of GBX 21.37 and a 200-day moving average of GBX 22.92.

Ilika (LON:IKA) last announced its quarterly earnings data on Tuesday, January 21st. The company reported GBX (0.01) ($0.00) EPS for the quarter. Ilika had a negative net margin of 230.24% and a negative return on equity of 21.33%. As a group, equities research analysts predict 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.