Ilika (LON:IKA) Trading Up 11.7% - Time to Buy?

Key Points

• Ilika plc stock experienced a significant increase of 11.7%, reaching a last traded price of GBX 48.01 ($0.64), up from GBX 43 ($0.57) at the previous close.
• The company has a market capitalization of £89.20 million, with an extremely high PE ratio of -1,393.36 indicating negative earnings performance.
• Ilika is a pioneer in solid state battery technology, focusing on customizable micro batteries for Industrial IoT and MedTech markets, along with larger format batteries for electric vehicles.

Ilika plc (LON:IKA - Get Free Report) shot up 11.7% on Friday . The stock traded as high as GBX 50 ($0.66) and last traded at GBX 48.01 ($0.64). 395,653 shares traded hands during mid-day trading, an increase of 5% from the average session volume of 378,152 shares. The stock had previously closed at GBX 43 ($0.57).

Ilika Stock Performance

The stock has a market capitalization of £89.20 million, a PE ratio of -1,393.36 and a beta of 1.94. The firm has a fifty day moving average price of GBX 40.12 and a two-hundred day moving average price of GBX 38.39. 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 announced its quarterly earnings data on Thursday, July 17th. The company reported GBX (3.54) earnings per share (EPS) for the quarter. Ilika had a negative return on equity of 22.47% and a negative net margin of 631.68%. Research analysts expect 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.

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