IQE (LON:IQE) Shares Up 12% - Here's Why

Key Points

• IQE plc's stock surged 12% during trading, reaching a high of GBX 7.50, driven by increased trading volume of over 23 million shares, a 554% rise from the average.
• The company reported a negative earnings per share (EPS) of GBX (1.60) for the last quarter, with analysts forecasting an EPS of 0.37 for the current fiscal year.
• IQE, a leading supplier of compound semiconductor wafers, has a market capitalization of £67.45 million and significant financial ratios, including a debt-to-equity ratio of 49.21.

Shares of IQE plc (LON:IQE - Get Free Report) were up 12% during trading on Wednesday . The stock traded as high as GBX 7.50 ($0.10) and last traded at GBX 6.90 ($0.09). Approximately 23,545,375 shares were traded during mid-day trading, an increase of 554% from the average daily volume of 3,598,510 shares. The stock had previously closed at GBX 6.16 ($0.08).

IQE Trading Up 12.0%

The firm has a market capitalization of £67.45 million, a PE ratio of -1.36, a price-to-earnings-growth ratio of 12.70 and a beta of 1.86. The stock's 50-day moving average price is GBX 7.73 and its 200 day moving average price is GBX 9.19. The company has a debt-to-equity ratio of 49.21, a current ratio of 1.37 and a quick ratio of 0.97.

IQE (LON:IQE - Get Free Report) last released its quarterly earnings data on Tuesday, September 23rd. The company reported GBX (1.60) EPS for the quarter. IQE had a negative return on equity of 14.21% and a negative net margin of 17.89%. On average, sell-side analysts expect that IQE plc will post 0.37 EPS for the current fiscal year.

About IQE

IQE is the leading supplier of compound semiconductor wafer products and advanced material solutions to the global semiconductor industry.

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