Ilika (LON:IKA) Trading 29.6% Higher – Time to Buy?

Ilika plc (LON:IKA) shares traded up 29.6% on Wednesday . The stock traded as high as GBX 35 ($0.44) and last traded at GBX 35 ($0.44). 1,905,615 shares traded hands during trading, an increase of 254% from the average session volume of 538,242 shares. The stock had previously closed at GBX 27 ($0.34).

Ilika Stock Performance

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 stock has a market cap of £58.56 million, a price-to-earnings ratio of -1,166.67 and a beta of 1.94. The firm’s 50-day moving average is GBX 22.09 and its two-hundred day moving average is GBX 22.97.

Ilika (LON:IKA) last released its earnings results on Tuesday, January 21st. The company reported GBX (0.01) ($0.00) earnings per share (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, sell-side analysts expect that Ilika plc will post -5.0199998 earnings per share 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.