Ilika (LON:IKA) Shares Up 23.7% – Time to Buy?

Ilika plc (LON:IKA)’s stock price shot up 23.7% during mid-day trading on Wednesday . The company traded as high as GBX 35 ($0.44) and last traded at GBX 33.41 ($0.42). 1,480,820 shares were traded during trading, an increase of 184% from the average session volume of 521,250 shares. The stock had previously closed at GBX 27 ($0.34).

Ilika Stock Up 29.6 %

The stock has a market cap of £58.56 million, a P/E ratio of -1,166.67 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 has a 50-day simple moving average of GBX 22.09 and a two-hundred day simple moving average of 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 for the quarter. Ilika had a negative net margin of 230.24% and a negative return on equity of 21.33%. Equities research analysts expect that Ilika plc will post -5.0199998 earnings per share for the current fiscal 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.