Ilika (LON:IKA) Share Price Crosses Below 200 Day Moving Average of $34.51

Ilika plc (LON:IKA)’s share price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 34.51 ($0.43) and traded as low as GBX 27.02 ($0.34). Ilika shares last traded at GBX 28 ($0.35), with a volume of 37,581 shares traded.

Analysts Set New Price Targets

Separately, Berenberg Bank cut their price target on Ilika from GBX 120 ($1.49) to GBX 110 ($1.37) and set a “buy” rating on the stock in a report on Tuesday, January 23rd.

Ilika Price Performance

The stock has a market capitalization of £44.39 million, a P/E ratio of -700.00 and a beta of 1.99. The business has a fifty day simple moving average of GBX 31.17 and a 200-day simple moving average of GBX 34.51. 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.