EnSilica (LON:ENSI) Stock Price Breaks Above 50 Day Moving Average – Here’s Why

EnSilica plc (LON:ENSI) shares passed above its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of GBX 76.97 and traded as high as GBX 80. EnSilica shares last traded at GBX 79, with a volume of 249,221 shares trading hands.

EnSilica Stock Performance

The company has a market cap of £108.73 million, a price-to-earnings ratio of -34.62 and a beta of 0.92. The company has a current ratio of 1.20, a quick ratio of 3.18 and a debt-to-equity ratio of 21.82. The stock’s 50 day moving average price is GBX 76.97 and its 200 day moving average price is GBX 73.39.

EnSilica (LON:ENSI) last released its earnings results on Monday, October 5th. The company reported GBX 1.23 earnings per share (EPS) for the quarter. EnSilica had a net margin of 4.45% and a return on equity of 4.77%. On average, analysts expect that EnSilica plc will post 4.57 EPS for the current fiscal year.

About EnSilica

Founded in 2001, EnSilica began as a semiconductor design services business, building deep expertise in complex chip design. In 2016, the Company evolved into designing and supplying customer-funded ASICs (Application Specific Integrated Circuits), creating long-term recurring supply revenues.

Today, EnSilica designs and supplies a complementary mix of ASICs and ASSPs (Application Specific Standard Products). ASICs are developed for individual customers, typically with customer-funded development, while EnSilica’s own ASSPs are designed for specific applications and sold to multiple customers, providing greater scale and higher-margin potential.