Ilika (LON:IKA) Shares Up 26.1% – Here’s Why

Shares of Ilika plc (LON:IKA) were up 26.1% during trading on Wednesday . The stock traded as high as GBX 35 ($0.44) and last traded at GBX 34.06 ($0.42). Approximately 1,050,205 shares were traded 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 Trading Down 0.9 %

The business’s 50-day simple moving average is GBX 22.64 and its 200-day simple moving average is GBX 23.08. The company has a market capitalization of £56.38 million, a price-to-earnings ratio of -1,123.33 and a beta of 1.94. The company has a debt-to-equity ratio of 3.07, a quick ratio of 15.43 and a current ratio of 7.86.

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 return on equity of 21.33% and a negative net margin of 230.24%. On average, research analysts expect that Ilika plc will post -5.0199998 earnings per share for the current fiscal 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.