Ilika (LON:IKA) Trading 29.6% Higher – Should You Buy?

Ilika plc (LON:IKA)’s stock price traded up 29.6% on Wednesday . The company traded as high as GBX 35 ($0.43) and last traded at GBX 35 ($0.43). 1,905,615 shares traded hands during mid-day trading, an increase of 254% from the average session volume of 538,242 shares. The stock had previously closed at GBX 27 ($0.33).

Ilika Stock Performance

The company’s 50-day moving average is GBX 22.93 and its two-hundred day moving average is GBX 23.13. The company has a quick ratio of 15.43, a current ratio of 7.86 and a debt-to-equity ratio of 3.07. The company has a market cap of £58.56 million, a P/E ratio of -1,166.67 and a beta of 1.94.

Ilika (LON:IKA) 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%. Equities analysts predict 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.