Ilika (LON:IKA) Hits New 1-Year Low – Here’s Why

Shares of Ilika plc (LON:IKA) hit a new 52-week low during trading on Wednesday . The company traded as low as GBX 24 and last traded at GBX 25.50, with a volume of 146871 shares trading hands. The stock had previously closed at GBX 26.

Ilika Price Performance

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 fifty day moving average price of GBX 27.46 and a 200 day moving average price of GBX 29.68. The company has a market capitalization of £50.72 million, a P/E ratio of -6.34 and a beta of 2.16.

Ilika (LON:IKA) last announced 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 return on equity of 45.06% and a negative net margin of 6,414.98%. On average, sell-side analysts forecast that Ilika plc will post -5.0199998 EPS for the current fiscal 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.