IQE (LON:IQE) Shares Up 12% - Time to Buy?

Key Points

• IQE plc shares increased by 12%, reaching a trading price of GBX 6.90 ($0.09) after peaking at GBX 7.50 ($0.10).
• The company reported a negative EPS of GBX (1.60) for the recent quarter, contributing to a negative return on equity of 14.21%.
• IQE is identified as a leading supplier of compound semiconductor wafer products, highlighting its significance in the global semiconductor industry.

IQE plc (LON:IQE - Get Free Report)'s share price traded up 12% during mid-day 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 traded hands 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 company has a market capitalization of £67.45 million, a PE ratio of -1.36, a P/E/G ratio of 12.70 and a beta of 1.86. The stock's fifty day moving average is GBX 7.73 and its two-hundred day moving average is GBX 9.19. The company has a current ratio of 1.37, a quick ratio of 0.97 and a debt-to-equity ratio of 49.21.

IQE (LON:IQE - Get Free Report) last announced 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%. As a group, analysts predict that IQE plc will post 0.37 EPS for the current 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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