Ilika (LON:IKA) Share Price Passes Below Two Hundred Day Moving Average of $34.37

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 34.37 ($0.43) and traded as low as GBX 29.12 ($0.37). Ilika shares last traded at GBX 30 ($0.38), with a volume of 25,216 shares trading hands.

Wall Street Analyst Weigh In

Separately, Berenberg Bank cut their target price on shares of Ilika from GBX 110 ($1.38) to GBX 100 ($1.26) and set a “buy” rating on the stock in a research report on Tuesday, April 23rd.

Ilika Stock Down 0.2 %

The firm has a market capitalization of £47.61 million, a price-to-earnings ratio of -750.00 and a beta of 1.99. The business’s 50-day moving average is GBX 30.69 and its two-hundred day moving average is GBX 34.37. The company has a debt-to-equity ratio of 2.33, a quick ratio of 15.43 and a current ratio of 12.20.

About Ilika

Ilika plc designs, develops, and produces solid-state batteries under the Stereax name primarily in the United Kingdom, Asia, Europe, and North America. The company offers batteries for a range of applications in the industrial Internet of Things, MedTech, transportation, electric vehicles, and cordless consumer appliances.