Ilika (LON:IKA) Shares Pass Above 50-Day Moving Average – Should You Sell?

Ilika plc (LON:IKA)’s share price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 27.91 and traded as high as GBX 29. Ilika shares last traded at GBX 27.99, with a volume of 467,527 shares changing hands.

Ilika Price Performance

The stock has a fifty day moving average of GBX 27.91 and a two-hundred day moving average of GBX 36.43. The stock has a market cap of £50.63 million, a price-to-earnings ratio of -6.17 and a beta of 2.09. The company has a quick ratio of 15.43, a current ratio of 9.07 and a debt-to-equity ratio of 3.18.

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.