Ilika (LON:IKA) Stock Crosses Below Two Hundred Day Moving Average of $34.19

Ilika plc (LON:IKA) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 34.19 ($0.43) and traded as low as GBX 28 ($0.35). Ilika shares last traded at GBX 29 ($0.36), with a volume of 87,532 shares changing hands.

Analysts Set New Price Targets

Separately, Berenberg Bank lowered their target price on shares of Ilika from GBX 110 ($1.38) to GBX 100 ($1.26) and set a “buy” rating on the stock in a report on Tuesday, April 23rd.

Ilika Trading Down 1.7 %

The company has a market cap of £46.10 million, a price-to-earnings ratio of -725.00 and a beta of 1.96. The company has a quick ratio of 15.43, a current ratio of 12.20 and a debt-to-equity ratio of 2.33. The company’s fifty day moving average price is GBX 29.87 and its two-hundred day moving average price is GBX 34.19.

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.