Ilika (LON:IKA) Shares Up 26.1% – Still a Buy?

Ilika plc (LON:IKA) shot up 26.1% during mid-day trading on Wednesday . The company traded as high as GBX 35 ($0.44) and last traded at GBX 34.06 ($0.43). 1,050,205 shares traded hands during mid-day trading, an increase of 108% from the average session volume of 504,026 shares. The stock had previously closed at GBX 27 ($0.34).

Ilika Stock Performance

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 stock’s fifty day moving average is GBX 22.09 and its two-hundred day moving average is GBX 22.97. The firm has a market capitalization of £58.56 million, a price-to-earnings ratio of -1,166.67 and a beta of 1.94.

Ilika (LON:IKA) last released 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%. On average, analysts predict that Ilika plc will post -5.0199998 earnings per share 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.