Ilika (LON:IKA) Trading 27.6% Higher – What’s Next?

Ilika plc (LON:IKA) rose 27.6% on Wednesday . The stock traded as high as GBX 35 ($0.44) and last traded at GBX 34.44 ($0.43). Approximately 995,264 shares changed hands during mid-day trading, an increase of 98% from the average daily volume of 501,828 shares. The stock had previously closed at GBX 27 ($0.34).

Ilika Stock Up 26.0 %

The company has a market cap of £56.93 million, a P/E ratio of -1,134.33 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. The firm has a fifty day moving average price of GBX 22.09 and a 200 day moving average price of GBX 22.97.

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