Ilika (LON:IKA) Hits New 1-Year Low – Should You Sell?

Ilika plc (LON:IKA) shares hit a new 52-week low during trading on Tuesday. The stock traded as low as GBX 20 and last traded at GBX 20.99, with a volume of 303,494 shares traded. The stock had previously closed at GBX 20.50.

Ilika Price Performance

The business has a 50-day simple moving average of GBX 23.79 and a 200 day simple moving average of GBX 28.47. The stock has a market cap of £41.82 million, a P/E ratio of -5.23 and a beta of 2.15. The company has a current ratio of 6.31, a quick ratio of 15.43 and a debt-to-equity ratio of 7.46.

Ilika (LON:IKA) last issued its quarterly earnings results on Wednesday, July 29th. The company reported GBX (4.02) earnings per share for the quarter. Ilika had a negative net margin of 6,414.98% and a negative return on equity of 45.06%. On average, analysts forecast that Ilika plc will post -5.02 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.