IQE (LON:IQE) Shares Up 12.1% - What's Next?

Key Points

• IQE plc shares increased by 12.1% during midday trading, reaching as high as GBX 6.08, with trading volume up 235% compared to the average session.
• The company reported a negative earnings per share (EPS) of GBX (1.60) and has a negative return on equity of 14.21% and a net margin of 17.89%.
• IQE is a leading supplier of compound semiconductor wafer products to the global semiconductor industry, with a current market capitalization of approximately £57.97 million.

IQE plc (LON:IQE - Get Free Report) shot up 12.1% during mid-day trading on Monday . The stock traded as high as GBX 6.08 ($0.08) and last traded at GBX 5.93 ($0.08). 11,606,038 shares were traded during mid-day 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 Stock Up 12.1%

The company has a debt-to-equity ratio of 49.21, a quick ratio of 0.97 and a current ratio of 1.37. The firm has a market capitalization of £57.97 million, a PE ratio of -1.17, a PEG ratio of 12.70 and a beta of 1.86. The company's 50 day simple moving average is GBX 7.85 and its 200-day simple moving average is GBX 9.22.

IQE (LON:IQE - Get Free Report) last posted its earnings results on Tuesday, September 23rd. The company reported GBX (1.60) earnings per share (EPS) for the quarter. IQE had a negative return on equity of 14.21% and a negative net margin of 17.89%. On average, analysts forecast 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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