What Next for Ilika plc Stock After Today’s Huge Decline?

 What Next for Ilika plc Stock After Today's Huge Decline?

The stock of Ilika plc (LON:IKA) is a huge mover today! The stock decreased 3.37% or GBX 1.5 on November 18, hitting GBX 43. About 37,416 shares traded hands. Ilika plc (LON:IKA) has declined 32.58% since April 20, 2016 and is downtrending. It has underperformed by 37.01% the S&P500.
The move comes after 9 months negative chart setup for the GBX 30.93 million company. It was reported on Nov, 18 by Barchart.com. We have GBX 38.70 PT which if reached, will make LON:IKA worth GBX 3.09 million less.

Ilika plc (LON:IKA) Ratings Coverage

Out of 2 analysts covering Ilika (LON:IKA), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Ilika has been the topic of 9 analyst reports since August 14, 2015 according to StockzIntelligence Inc. Numis Securities maintained Ilika plc (LON:IKA) on Monday, May 9 with “Buy” rating. The stock has “Speculative Buy” rating given by Beaufort Securities on Wednesday, January 13. On Friday, August 14 the stock rating was maintained by Beaufort Securities with “Speculative Buy”. The rating was maintained by Numis Securities with “Buy” on Friday, December 4. The firm has “Speculative Buy” rating by Beaufort Securities given on Thursday, April 28. As per Tuesday, January 12, the company rating was maintained by Numis Securities. Numis Securities maintained Ilika plc (LON:IKA) on Friday, July 8 with “Buy” rating. The rating was maintained by Beaufort Securities on Monday, July 11 with “Speculative Buy”. The firm earned “Speculative Buy” rating on Wednesday, August 17 by Beaufort Securities.

Ilika plc is the holding company. The Company is engaged in the production, design and development of high throughput methods of material synthesis, characterization and screening. The company has a market cap of 30.93 million GBP. It has developed solid-state battery technology to meet the demands of the Internet of Things . It currently has negative earnings. The Firm has materials development programs addressing a range of applications, including the solid-state battery, aerospace alloys and electronic materials.

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