Ilika (LON:IKA) Shares Up 29.6% – Time to Buy?

Ilika plc (LON:IKA) shot up 29.6% during mid-day trading on Wednesday . The stock traded as high as GBX 35 ($0.44) and last traded at GBX 35 ($0.44). 1,905,615 shares changed 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 ($0.34).

Ilika Stock Up 29.6 %

The company’s 50 day simple moving average is GBX 22.09 and its 200-day simple moving average is GBX 22.97. 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 firm 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 released its quarterly 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 return on equity of 21.33% and a negative net margin of 230.24%. Research analysts forecast that Ilika plc will post -5.0199998 earnings per share for the current fiscal 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.