Ilika (LON:IKA) Stock Price Down 8.8% – Here’s What Happened

Ilika plc (LON:IKA) fell 8.8% during trading on Wednesday . The stock traded as low as GBX 25.55 and last traded at GBX 26. 842,066 shares were traded during mid-day trading, an increase of 216% from the average daily volume of 266,293 shares. The stock had previously closed at GBX 28.50.

Ilika Price Performance

The company has a current ratio of 9.07, a quick ratio of 15.43 and a debt-to-equity ratio of 3.18. The business’s 50 day moving average price is GBX 31.40 and its two-hundred day moving average price is GBX 31.23. The stock has a market cap of £47.02 million, a P/E ratio of -5.73 and a beta of 2.16.

Ilika (LON:IKA) last released its quarterly earnings results on Wednesday, July 29th. The company reported GBX (4.02) earnings per share (EPS) for the quarter. Ilika had a negative return on equity of 42.08% and a negative net margin of 138,475.47%. As a group, sell-side analysts expect that Ilika plc will post -5.0199998 earnings per share for the current fiscal 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. 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.