Ilika (LON:IKA) Hits New 52-Week Low – Here’s Why

Ilika plc (LON:IKA)’s stock price reached a new 52-week low during mid-day trading on Wednesday. The company traded as low as GBX 20 and last traded at GBX 20.25, with a volume of 44430 shares changing hands. The stock had previously closed at GBX 20.50.

Ilika Trading Down 1.2%

The business has a 50 day simple moving average of GBX 24.47 and a 200 day simple moving average of GBX 28.69. 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 £40.28 million, a price-to-earnings ratio of -5.04 and a beta of 2.15.

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 net margin of 6,414.98% and a negative return on equity of 45.06%. As a group, equities analysts forecast that Ilika plc will post -5.0199998 EPS for the current 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.