Ilika (LON:IKA) Trading 11.3% Higher – What’s Next?

Ilika plc (LON:IKA) was up 11.3% during mid-day trading on Wednesday . The company traded as high as GBX 18.50 ($0.23) and last traded at GBX 18.50 ($0.23). Approximately 1,592,868 shares changed hands during mid-day trading, an increase of 704% from the average daily volume of 198,225 shares. The stock had previously closed at GBX 16.63 ($0.21).

Ilika Stock Up 3.5 %

The firm’s 50-day simple moving average is GBX 21.81 and its 200 day simple moving average is GBX 24.73. The company has a debt-to-equity ratio of 3.07, a quick ratio of 15.43 and a current ratio of 7.86. The stock has a market capitalization of £36.81 million, a P/E ratio of -708.33 and a beta of 1.94.

Ilika Company Profile

Ilika plc designs, develops, and produces solid-state batteries under the Stereax name primarily in the United Kingdom, Asia, Europe, and North America. The company offers batteries for a range of applications in the industrial Internet of Things, MedTech, transportation, electric vehicles, and cordless consumer appliances.