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

Shares of Ilika plc (LON:IKA) hit a new 52-week low during trading on Thursday . The stock traded as low as GBX 23 and last traded at GBX 24.60, with a volume of 924127 shares traded. The stock had previously closed at GBX 23.50.

Ilika Price Performance

The company has a quick ratio of 15.43, a current ratio of 6.31 and a debt-to-equity ratio of 7.46. The company has a 50 day simple moving average of GBX 26.86 and a 200-day simple moving average of GBX 29.53. The stock has a market cap of £48.93 million, a price-to-earnings ratio of -6.12 and a beta of 2.15.

Ilika (LON:IKA) last issued its earnings results on Wednesday, July 29th. The company reported GBX (4.02) EPS for the quarter. Ilika had a negative return on equity of 45.06% and a negative net margin of 6,414.98%. As a group, research analysts anticipate that Ilika plc will post -5.0199998 EPS for the current fiscal year.

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.