Ilika (LON:IKA) Stock Crosses Below 200 Day Moving Average – Here’s What Happened

Ilika plc (LON:IKA) shares passed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of GBX 28.97 and traded as low as GBX 21.15. Ilika shares last traded at GBX 21.82, with a volume of 208,320 shares changing hands.

Ilika Price Performance

The business has a 50 day moving average price of GBX 25.12 and a two-hundred day moving average price of GBX 28.91. The stock has a market cap of £41.77 million, a PE ratio of -5.22 and a beta of 2.15. The company has a debt-to-equity ratio of 7.46, a quick ratio of 15.43 and a current ratio of 6.31.

Ilika (LON:IKA) last issued its quarterly earnings results on Wednesday, July 29th. The company reported GBX (4.02) EPS for the quarter. Ilika had a negative return on equity of 45.06% and a negative net margin of 6,414.98%. Research 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.