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

Ilika plc (LON:IKA) shares traded up 29.6% on Wednesday . The company 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 business’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 market capitalization of £58.56 million, a PE ratio of -1,166.67 and a beta of 1.94. The company has a quick ratio of 15.43, a current ratio of 7.86 and a debt-to-equity ratio of 3.07.

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