Ilika (LON:IKA) Stock Price Crosses Above 50 Day Moving Average - What's Next?

Key Points

• Ilika plc shares recently crossed above their 50-day moving average, reaching a high of GBX 40.16 ($0.54) during trading, with the last traded price at GBX 37 ($0.50).
• The company reported a significant negative net margin of 631.68% and an anticipated EPS of -5.02 for the current year, indicating ongoing financial challenges.
• Ilika is known for its innovative solid state battery technology, specifically designed for Industrial IoT and MedTech markets, alongside larger batteries for electric vehicles and consumer electronics.

Ilika plc (LON:IKA - Get Free Report) shares crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 39.80 ($0.53) and traded as high as GBX 40.16 ($0.54). Ilika shares last traded at GBX 37 ($0.50), with a volume of 100,334 shares traded.

Ilika Trading Up 5.4%

The company has a quick ratio of 15.43, a current ratio of 7.86 and a debt-to-equity ratio of 3.07. The firm's 50 day simple moving average is GBX 39.80 and its 200-day simple moving average is GBX 37.69. The company has a market capitalization of £65.07 million, a PE ratio of -12.86 and a beta of 1.94.

Ilika (LON:IKA - Get Free Report) last posted its earnings results on Thursday, July 17th. The company reported GBX (3.54) (($0.05)) EPS 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 anticipate that Ilika plc will post -5.0199998 EPS for the current 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.

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