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IQE (LON:IQE) Shares Up 12% - Still a Buy?

IQE logo with Computer and Technology background

Key Points

  • IQE shares surged 12% during trading, reaching a high of GBX 7.50 before closing at GBX 6.90, a significant increase from the previous close of GBX 6.16.
  • The company reported a negative earnings per share of GBX (1.60) for the last quarter and has a projected earnings per share of 0.37 for the current fiscal year.
  • IQE operates as a leading supplier of compound semiconductor wafer products and advanced material solutions for the global semiconductor industry.
  • MarketBeat previews top five stocks to own in November.

IQE plc (LON:IQE - Get Free Report) shot 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). 23,545,375 shares were traded during trading, an increase of 554% from the average session volume of 3,598,510 shares. The stock had previously closed at GBX 6.16 ($0.08).

IQE Stock Up 12.0%

The firm has a 50-day moving average of GBX 7.79 and a 200 day moving average of GBX 9.20. The company has a debt-to-equity ratio of 49.21, a current ratio of 1.37 and a quick ratio of 0.97. The stock has a market capitalization of £67.45 million, a price-to-earnings ratio of -1.36, a PEG ratio of 12.70 and a beta of 1.86.

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

IQE Company Profile

(Get Free Report)

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

Further Reading

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