Ilika (LON:IKA) Stock Price Down 8.8% – Time to Sell?

Shares of Ilika plc (LON:IKA) fell 8.8% on Wednesday . The company traded as low as GBX 25.55 and last traded at GBX 26. Approximately 842,066 shares traded hands during trading, an increase of 216% from the average daily volume of 266,293 shares. The stock had previously closed at GBX 28.50.

Ilika Stock Down 8.8%

The company has a debt-to-equity ratio of 3.18, a current ratio of 9.07 and a quick ratio of 15.43. The stock has a 50 day simple moving average of GBX 31.40 and a 200-day simple moving average of GBX 31.23. The firm has a market cap of £47.02 million, a PE ratio of -5.73 and a beta of 2.16.

Ilika (LON:IKA) last released 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 42.08% and a negative net margin of 138,475.47%. Sell-side analysts predict that Ilika plc will post -5.0199998 EPS for the current fiscal year.

About Ilika

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.