Ilika (LON:IKA) Shares Up 29.6% – Still a Buy?

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

Ilika Stock Up 29.6 %

The company’s 50-day simple moving average is GBX 22.09 and its two-hundred day simple moving average is GBX 22.97. The company has a debt-to-equity ratio of 3.07, a current ratio of 7.86 and a quick ratio of 15.43. The firm has a market capitalization of £58.56 million, a P/E ratio of -1,166.67 and a beta of 1.94.

Ilika (LON:IKA) last announced its earnings results on Tuesday, January 21st. The company reported GBX (0.01) ($0.00) 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, research 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.