EnSilica (LON:ENSI) Shares Climb 2.5% – Still a Buy?

EnSilica plc (LON:ENSI) rose 2.5% during mid-day trading on Tuesday. The stock traded as high as GBX 76 and last traded at GBX 75.88. 349,060 shares changed hands during trading, a decline of 47% from the average daily volume of 661,392 shares. The stock had previously closed at GBX 74.

EnSilica Price Performance

The company has a debt-to-equity ratio of 21.82, a current ratio of 1.20 and a quick ratio of 3.18. The firm has a market capitalization of £111.15 million, a price-to-earnings ratio of -35.38 and a beta of 0.92. The business’s fifty day simple moving average is GBX 76.97 and its 200 day simple moving average is GBX 73.39.

EnSilica (LON:ENSI) last posted its quarterly earnings results on Monday, October 5th. The company reported GBX 1.23 earnings per share for the quarter. EnSilica had a net margin of 4.45% and a return on equity of 4.77%. On average, research analysts forecast that EnSilica plc will post 4.57 EPS for the current year.

About EnSilica

Founded in 2001, EnSilica began as a semiconductor design services business, building deep expertise in complex chip design. In 2016, the Company evolved into designing and supplying customer-funded ASICs (Application Specific Integrated Circuits), creating long-term recurring supply revenues.

Today, EnSilica designs and supplies a complementary mix of ASICs and ASSPs (Application Specific Standard Products). ASICs are developed for individual customers, typically with customer-funded development, while EnSilica’s own ASSPs are designed for specific applications and sold to multiple customers, providing greater scale and higher-margin potential.