Ilika (LON:IKA) Trading Up 26.1% – What’s Next?

Shares of Ilika plc (LON:IKA) were up 26.1% during mid-day trading on Wednesday . The company traded as high as GBX 35 ($0.44) and last traded at GBX 34.06 ($0.43). Approximately 1,050,205 shares traded hands during trading, an increase of 108% from the average daily volume of 504,026 shares. The stock had previously closed at GBX 27 ($0.34).

Ilika Price Performance

The firm has a 50-day simple moving average of GBX 22.09 and a 200-day simple moving average of 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 £57.50 million, a P/E ratio of -1,145.67 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) 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 forecast 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.