Ilika (LON:IKA) Stock Crosses Below 200-Day Moving Average – Here’s Why

Ilika plc (LON:IKA)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 38.98 and traded as low as GBX 27.02. Ilika shares last traded at GBX 28.98, with a volume of 136,171 shares trading hands.

Ilika Trading Up 3.5%

The company has a quick ratio of 15.43, a current ratio of 9.07 and a debt-to-equity ratio of 3.18. The stock’s 50 day moving average is GBX 33.34 and its two-hundred day moving average is GBX 38.98. The company has a market capitalization of £52.40 million, a PE ratio of -6.38 and a beta of 1.94.

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.