EnSilica (LON:ENSI) Shares Up 11.4% – Here’s What Happened

Shares of EnSilica plc (LON:ENSI – Get Free Report) were up 11.4% on Monday. The stock traded as high as GBX 85 and last traded at GBX 83. 2,144,897 shares were traded during mid-day trading, an increase of 215% from the average session volume of 681,343 shares. The stock had previously closed at GBX 74.50.

EnSilica Trading Up 11.4%

The stock has a market capitalization of £111.42 million, a P/E ratio of -35.47 and a beta of 0.91. The firm’s 50 day simple moving average is GBX 76.34 and its two-hundred day simple moving average is GBX 80.15. The company has a quick ratio of 3.18, a current ratio of 0.79 and a debt-to-equity ratio of 45.39.

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About EnSilica

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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.

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