Ilika (LON:IKA) Reaches New 52-Week Low – Here’s What Happened

Ilika plc (LON:IKA)’s share price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as GBX 24 and last traded at GBX 24.99, with a volume of 245678 shares changing hands. The stock had previously closed at GBX 24.50.

Ilika Stock Performance

The stock has a market capitalization of £45.19 million, a price-to-earnings ratio of -5.50 and a beta of 2.09. The company’s fifty day simple moving average is GBX 29 and its 200 day simple moving average is GBX 37.29. The company has a quick ratio of 15.43, a current ratio of 9.07 and a debt-to-equity ratio of 3.18.

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.