Ilika (LON:IKA) Share Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

Ilika plc (LON:IKA) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 40.68 and traded as low as GBX 34. Ilika shares last traded at GBX 34.50, with a volume of 183,668 shares trading hands.

Ilika Price Performance

The company has a market cap of £58.77 million, a P/E ratio of -7.16 and a beta of 1.94. The company’s 50-day moving average price is GBX 37.72 and its two-hundred day moving average price is GBX 40.65. The company has a current ratio of 7.86, a quick ratio of 15.43 and a debt-to-equity ratio of 3.07.

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.