Ilika (LON:IKA) Sets New 12-Month Low – Here’s Why

Ilika plc (LON:IKA)’s share price hit a new 52-week low during trading on Thursday. The company traded as low as GBX 20 and last traded at GBX 21, with a volume of 234494 shares trading hands. The stock had previously closed at GBX 21.

Ilika Stock Performance

The firm has a fifty day simple moving average of GBX 25.12 and a 200-day simple moving average of GBX 28.91. 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 firm has a market cap of £41.77 million, a P/E ratio of -5.22 and a beta of 2.15.

Ilika (LON:IKA) last announced its quarterly 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%. On average, equities research analysts expect that Ilika plc will post -5.0199998 earnings per share 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.