Ilika (LON:IKA) Shares Up 26.1% – Time to Buy?

Ilika plc (LON:IKA) rose 26.1% during mid-day trading on Wednesday . The stock 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 stock has a market capitalization of £57.50 million, a PE ratio of -1,145.67 and a beta of 1.94. 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’s 50-day moving average price is GBX 22.09 and its 200-day moving average price is GBX 22.97.

Ilika (LON:IKA) last posted its quarterly earnings data on Tuesday, January 21st. The company reported GBX (0.01) ($0.00) earnings per share (EPS) for the quarter. Ilika had a negative net margin of 230.24% and a negative return on equity of 21.33%. On average, equities analysts forecast that Ilika plc will post -5.0199998 EPS 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.