Ilika (LON:IKA) Shares Pass Below Two Hundred Day Moving Average of $31.45

Ilika plc (LON:IKA) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 31.45 ($0.40) and traded as low as GBX 24 ($0.30). Ilika shares last traded at GBX 25 ($0.32), with a volume of 48,028 shares changing hands.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reduced their price target on Ilika from GBX 110 ($1.39) to GBX 100 ($1.26) and set a “buy” rating on the stock in a research report on Tuesday, April 23rd.

Ilika Stock Performance

The company’s fifty day simple moving average is GBX 27.43 and its two-hundred day simple moving average is GBX 31.45. The company has a market capitalization of £39.80 million, a price-to-earnings ratio of -625.00 and a beta of 1.93. The company has a debt-to-equity ratio of 2.33, a quick ratio of 15.43 and a current ratio of 12.20.

Ilika Company Profile

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.