EnSilica (LON:ENSI) Trading Up 18.1% – Here’s Why

EnSilica plc (LON:ENSI)’s stock price shot up 18.1% during trading on Tuesday . The company traded as high as GBX 85 and last traded at GBX 84.90. 2,630,990 shares traded hands during mid-day trading, an increase of 355% from the average session volume of 577,781 shares. The stock had previously closed at GBX 71.88.

EnSilica Stock Performance

The stock has a 50-day simple moving average of GBX 53.06 and a 200-day simple moving average of GBX 46.66. The company has a debt-to-equity ratio of 45.39, a current ratio of 0.79 and a quick ratio of 3.18. The stock has a market cap of £89.26 million, a PE ratio of -35.90 and a beta of 0.59.

EnSilica (LON:ENSI) last posted its quarterly earnings results on Tuesday, February 3rd. The company reported GBX (0.52) earnings per share (EPS) for the quarter. EnSilica had a negative net margin of 9.36% and a negative return on equity of 9.80%. Equities analysts predict that EnSilica plc will post 4.5676173 earnings per share for the current fiscal year.

EnSilica Company Profile

EnSilica is a leading designer and supplier of mixed signal ASICs (Application Specific Integrated Circuit). ASICs are tailor-made circuits or semiconductor chips developed for a particular use or product rather than for general purpose usage. ASICs are in high demand from companies operating across a range of high-tech growth markets as they help differentiate and enhance products through optimised hardware, giving businesses a competitive edge and improving supply chain security. EnSilica specialises in designing mixed signal ASICs which combine digital and analogue functions onto a single chip.