Ilika (LON:IKA) Trading 15.6% Higher - Still a Buy?

Key Points

• Ilika plc shares surged by 15.6%, reaching a last traded price of GBX 41.44 ($0.56), with trading volume increasing by 28% compared to the average.
• The company reported an earnings per share (EPS) of GBX (3.54) for the last quarter, alongside a negative net margin of 631.68%.
• Ilika specializes in solid-state battery technology, producing Stereax micro batteries for Industrial IoT and MedTech markets, as well as Goliath batteries for electric vehicles.

Ilika plc (LON:IKA - Get Free Report)'s stock price traded up 15.6% during trading on Monday . The company traded as high as GBX 42 ($0.57) and last traded at GBX 41.44 ($0.56). 482,074 shares traded hands during trading, an increase of 28% from the average session volume of 376,635 shares. The stock had previously closed at GBX 35.86 ($0.48).

Ilika Trading Up 2.5%

The company has a market cap of £74.13 million, a P/E ratio of -1,158.19 and a beta of 1.94. The stock's 50-day moving average is GBX 40.29 and its two-hundred day moving average is GBX 37.59. The company has a debt-to-equity ratio of 3.07, a current ratio of 7.86 and a quick ratio of 15.43.

Ilika (LON:IKA - Get Free Report) last released its quarterly earnings results on Thursday, July 17th. The company reported GBX (3.54) earnings per share for the quarter. Ilika had a negative return on equity of 22.47% and a negative net margin of 631.68%. As a group, equities research analysts predict 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.