Ilika (LON:IKA) Stock Price Passes Below 200 Day Moving Average of $32.93

Shares of Ilika plc (LON:IKA) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 32.93 ($0.42) and traded as low as GBX 25.30 ($0.32). Ilika shares last traded at GBX 26 ($0.33), with a volume of 159,225 shares changing hands.

Analysts Set New Price Targets

Separately, Berenberg Bank decreased their target price on Ilika from GBX 110 ($1.40) to GBX 100 ($1.27) and set a “buy” rating for the company in a research report on Tuesday, April 23rd.

Ilika Stock Down 3.7 %

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 £41.39 million, a P/E ratio of -650.00 and a beta of 1.93. The company has a 50 day simple moving average of GBX 28.15 and a two-hundred day simple moving average of GBX 32.93.

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.