Ilika (LON:IKA) Shares Up 29.6% – Here’s Why

Ilika plc (LON:IKA)’s share price traded up 29.6% during trading on Thursday . The company traded as high as GBX 35 ($0.43) and last traded at GBX 35 ($0.43). 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 ($0.33).

Ilika Stock Performance

The firm has a market cap of £58.56 million, a price-to-earnings ratio of -1,166.67 and a beta of 1.94. The company has a debt-to-equity ratio of 3.07, a current ratio of 7.86 and a quick ratio of 15.43. The firm has a fifty day simple moving average of GBX 22.93 and a two-hundred day simple moving average of GBX 23.13.

Ilika (LON:IKA) last released its 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%. On average, analysts expect that Ilika plc will post -5.0199998 EPS for the current 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.