Ilika (LON:IKA) Shares Down 8% – Should You Sell?

Ilika plc (LON:IKA)’s share price was down 8% on Tuesday . The company traded as low as GBX 23 and last traded at GBX 23. Approximately 449,926 shares changed hands during mid-day trading, an increase of 72% from the average daily volume of 261,094 shares. The stock had previously closed at GBX 25.

Ilika Stock Down 8.0%

The company has a current ratio of 6.31, a quick ratio of 15.43 and a debt-to-equity ratio of 7.46. The company has a market capitalization of £45.74 million, a P/E ratio of -5.72 and a beta of 2.15. The stock has a 50 day moving average price of GBX 27.09 and a 200 day moving average price of GBX 29.59.

Ilika (LON:IKA) last issued its 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, research analysts anticipate that Ilika plc will post -5.0199998 earnings per share 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.