Ilika (LON:IKA) Share Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Ilika plc (LON:IKAGet Free Report)’s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 31.53 and traded as low as GBX 28. Ilika shares last traded at GBX 28.89, with a volume of 62,522 shares trading hands.

Ilika Stock Performance

The stock has a market capitalization of £52.12 million, a P/E ratio of -6.35 and a beta of 2.16. The company has a current ratio of 9.07, a quick ratio of 15.43 and a debt-to-equity ratio of 3.18. The company’s fifty day simple moving average is GBX 32 and its 200 day simple moving average is GBX 31.53.

About Ilika

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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.

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