Ilika (LON:IKA) Share Price Crosses Below 200-Day Moving Average of $31.45

Shares of 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.

Analyst Ratings Changes

Separately, Berenberg Bank cut their price target on shares of Ilika from GBX 110 ($1.39) to GBX 100 ($1.26) and set a “buy” rating for the company in a research note on Tuesday, April 23rd.

Ilika Trading Down 2.0 %

The stock has a market capitalization of £39.80 million, a P/E ratio of -625.00 and a beta of 1.93. 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 stock’s fifty day moving average price is GBX 27.30 and its two-hundred day moving average price is GBX 31.28.

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.