Ilika (LON:IKA) Hits New 52-Week Low – Should You Sell?

Ilika plc (LON:IKA) shares reached a new 52-week low on Wednesday . The company traded as low as GBX 24 and last traded at GBX 25.50, with a volume of 146871 shares trading hands. The stock had previously closed at GBX 26.

Ilika Stock Performance

The firm has a market capitalization of £50.72 million, a price-to-earnings ratio of -6.34 and a beta of 2.16. The company has a 50-day moving average price of GBX 27.46 and a 200-day moving average price of GBX 29.68. The company has a quick ratio of 15.43, a current ratio of 6.31 and a debt-to-equity ratio of 7.46.

Ilika (LON:IKA) last posted its 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, equities research analysts forecast 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. 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.