Ilika (LON:IKA) Trading Up 23.7% – Still a Buy?

Shares of Ilika plc (LON:IKA) rose 23.7% on Wednesday . The company traded as high as GBX 35 ($0.43) and last traded at GBX 33.41 ($0.41). Approximately 1,480,820 shares changed hands during trading, an increase of 184% from the average daily volume of 521,250 shares. The stock had previously closed at GBX 27 ($0.33).

Ilika Trading Up 2.9 %

The firm has a market cap of £58.56 million, a P/E ratio of -1,166.67 and a beta of 1.94. The business’s 50 day moving average is GBX 22.93 and its 200-day moving average is GBX 23.13. The company has a quick ratio of 15.43, a current ratio of 7.86 and a debt-to-equity ratio of 3.07.

Ilika (LON:IKA) last issued 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 net margin of 230.24% and a negative return on equity of 21.33%. As a group, analysts forecast that Ilika plc will post -5.0199998 earnings per share for the current fiscal 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.