Ilika (LON:IKA) Stock Passes Below 200 Day Moving Average of $94.52

Ilika plc (LON:IKAGet Rating)’s stock price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 94.52 ($1.16) and traded as low as GBX 74.60 ($0.91). Ilika shares last traded at GBX 76 ($0.93), with a volume of 308,738 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 250 ($3.06) price target on shares of Ilika in a research note on Wednesday, July 13th.

Ilika Price Performance

The company has a market capitalization of £119.86 million and a P/E ratio of -21.11. The company has a quick ratio of 15.43, a current ratio of 15.95 and a debt-to-equity ratio of 2.70. The business’s 50-day moving average is GBX 60.49 and its two-hundred day moving average is GBX 94.52.

About Ilika

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Ilika plc engages in the design, development, and production of solid-state batteries under the Stereax name primarily in the United Kingdom, Asia, rest of Europe, and North America. It offers batteries for a range of applications in the industrial Internet of Things, electric vehicles, smart cities, consumer electronics, and medical sectors.

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