Ilika (LON:IKA) Trading 29.6% Higher – Should You Buy?

Ilika plc (LON:IKA) shares rose 29.6% during mid-day trading on Wednesday . The company traded as high as GBX 35 ($0.43) and last traded at GBX 35 ($0.43). Approximately 1,905,615 shares changed hands during mid-day trading, an increase of 254% from the average daily 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 quick ratio of 15.43 and a current ratio of 7.86. The company has a market capitalization of £58.56 million, a PE ratio of -1,166.67 and a beta of 1.94. The company has a 50 day moving average price of GBX 22.93 and a 200 day moving average price 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%. Equities analysts forecast 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.