Ilika (LON:IKA) Reaches New 12-Month Low – Here’s What Happened

Ilika plc (LON:IKA) shares reached a new 52-week low during trading on Wednesday . The company traded as low as GBX 23 and last traded at GBX 23.50, with a volume of 1140250 shares changing hands. The stock had previously closed at GBX 23.50.

Ilika Stock Performance

The firm has a 50 day simple moving average of GBX 26.51 and a 200-day simple moving average of GBX 29.43. The company has a debt-to-equity ratio of 7.46, a current ratio of 6.31 and a quick ratio of 15.43. The company has a market cap of £46.74 million, a price-to-earnings ratio of -5.85 and a beta of 2.15.

Ilika (LON:IKA) last announced its quarterly earnings results on Wednesday, July 29th. The company reported GBX (4.02) EPS for the quarter. Ilika had a negative net margin of 6,414.98% and a negative return on equity of 45.06%. As a group, analysts predict that Ilika plc will post -5.0199998 EPS for the current fiscal 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. Stereax battery technology offers compelling advantages over conventional lithium ion batteries, including smaller footprint, high energy density, non-toxic materials, faster charging, increased cycle life, low leakage and reduced flammability.