Ilika (LON:IKA) Stock Price Up 23.7% – Here’s Why

Ilika plc (LON:IKA) shares traded up 23.7% during trading on Wednesday . The company traded as high as GBX 35 ($0.43) and last traded at GBX 33.41 ($0.41). 1,480,820 shares changed hands during trading, an increase of 184% from the average session volume of 521,250 shares. The stock had previously closed at GBX 27 ($0.33).

Ilika Stock Performance

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 price-to-earnings ratio of -1,166.67 and a beta of 1.94. The stock has a 50 day simple moving average of GBX 22.93 and a 200 day simple moving average of GBX 23.13.

Ilika (LON:IKA) last issued 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 net margin of 230.24% and a negative return on equity of 21.33%. As a group, analysts predict 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.