Ilika (LON:IKA) Stock Price Up 23.7% – Here’s Why

Ilika plc (LON:IKA) shares rose 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). Approximately 1,480,820 shares changed hands during mid-day trading, an increase of 184% from the average daily volume of 521,250 shares. The stock had previously closed at GBX 27 ($0.34).

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 stock has a market capitalization of £58.56 million, a P/E ratio of -1,166.67 and a beta of 1.94. The company’s fifty day simple moving average is GBX 22.09 and its two-hundred day simple moving average is GBX 22.97.

Ilika (LON:IKA) last announced 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 analysts forecast 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.