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

Shares of Ilika plc (LON:IKA) shot up 29.6% during mid-day trading on Wednesday . The stock traded as high as GBX 35 ($0.43) and last traded at GBX 35 ($0.43). 1,905,615 shares were traded during 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 company has a debt-to-equity ratio of 3.07, a current ratio of 7.86 and a quick ratio of 15.43. The company has a fifty day moving average price of GBX 22.93 and a two-hundred day moving average price of GBX 23.13. 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.

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, equities research analysts expect 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.