Ilika (LON:IKA) Stock Price Crosses Below 200-Day Moving Average of $34.97

Ilika plc (LON:IKA) shares passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 34.97 ($0.44) and traded as low as GBX 27 ($0.34). Ilika shares last traded at GBX 28.50 ($0.36), with a volume of 632,226 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank decreased their price target on shares of Ilika from GBX 120 ($1.51) to GBX 110 ($1.38) and set a “buy” rating for the company in a report on Tuesday, January 23rd.

Ilika Stock Performance

The company has a current ratio of 12.20, a quick ratio of 15.43 and a debt-to-equity ratio of 2.33. The firm has a market capitalization of £45.31 million, a PE ratio of -712.50 and a beta of 1.99. The firm’s fifty day moving average price is GBX 32.43 and its 200 day moving average price is GBX 34.97.

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.