IQE (LON:IQE) Shares Up 12.1% - Here's Why

Key Points

• IQE plc's shares surged by 12.1% during trading, reaching a high of GBX 6.08 ($0.08), with trading volume increasing by 235% compared to the average.
• The company reported a quarterly earnings per share (EPS) of GBX (1.60), reflecting a negative return on equity of 14.21%.
• IQE is a major supplier of compound semiconductor wafer products to the global semiconductor industry, with a current market cap of £63.44 million.

IQE plc (LON:IQE - Get Free Report)'s share price shot up 12.1% during trading on Tuesday . The stock traded as high as GBX 6.08 ($0.08) and last traded at GBX 5.93 ($0.08). 11,606,038 shares traded hands during trading, an increase of 235% from the average session volume of 3,462,637 shares. The stock had previously closed at GBX 5.29 ($0.07).

IQE Price Performance

The firm has a market cap of £63.44 million, a price-to-earnings ratio of -1.28, a P/E/G ratio of 12.70 and a beta of 1.86. The company has a current ratio of 1.37, a quick ratio of 0.97 and a debt-to-equity ratio of 49.21. The company has a 50 day moving average of GBX 7.85 and a 200 day moving average of GBX 9.22.

IQE (LON:IQE - Get Free Report) last issued 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%. Equities research analysts predict that IQE plc will post 0.37 EPS for the current fiscal year.

IQE Company Profile

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

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