Ilika (LON:IKA) Trading Up 29.6% – Here’s Why

Ilika plc (LON:IKA) shot up 29.6% during trading on Thursday . The stock traded as high as GBX 35 ($0.44) and last traded at GBX 35 ($0.44). 1,905,615 shares were traded during 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 Performance

The company has a debt-to-equity ratio of 3.07, a current ratio of 7.86 and a quick ratio of 15.43. The stock has a fifty day simple moving average of GBX 22.36 and a two-hundred day simple moving average of GBX 23.03. The firm has a market capitalization of £57.36 million, a P/E ratio of -1,142.93 and a beta of 1.94.

Ilika (LON:IKA) last released its quarterly earnings data 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 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.