EnSilica (LON:ENSI) Stock Crosses Above 50-Day Moving Average – What’s Next?

Shares of EnSilica plc (LON:ENSI) 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 traded.

EnSilica Price Performance

The company has a market capitalization of £106.03 million, a price-to-earnings ratio of -33.76 and a beta of 0.92. The company has a fifty day simple moving average of GBX 77.16 and a two-hundred day simple moving average of GBX 73.70. The company has a debt-to-equity ratio of 21.82, a quick ratio of 3.18 and a current ratio of 1.20.

EnSilica (LON:ENSI) last posted its quarterly earnings data on Monday, October 5th. The company reported GBX 1.23 earnings per share (EPS) for the quarter. EnSilica had a return on equity of 4.77% and a net margin of 4.45%. As a group, research analysts anticipate that EnSilica plc will post 4.57 earnings per share for the current year.

EnSilica Company Profile

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.