IQE (LON:IQE) Stock Price Up 10% - What's Next?

Key Points

• IQE plc's stock price increased by 10% during mid-day trading, reaching GBX 5.88 ($0.08), with a trading volume that was 157% above its average.
• The company reported a negative earnings per share (EPS) of GBX (1.60) for the last quarter, along with a negative net margin of 17.89% and a negative return on equity of 14.21%.
• IQE is recognized as the leading supplier of compound semiconductor wafer products to the global semiconductor industry, serving a critical role in technological advancements.

IQE plc (LON:IQE - Get Free Report)'s share price was up 10% during mid-day trading on Monday . The company traded as high as GBX 5.88 ($0.08) and last traded at GBX 5.82 ($0.08). Approximately 8,851,964 shares traded hands during mid-day trading, an increase of 157% from the average daily volume of 3,449,071 shares. The stock had previously closed at GBX 5.29 ($0.07).

IQE Stock Up 10.2%

The business's 50 day moving average is GBX 7.93 and its 200-day moving average is GBX 9.25. The stock has a market cap of £56.98 million, a price-to-earnings ratio of -1.15, a PEG ratio of 12.70 and a beta of 1.86. The company has a debt-to-equity ratio of 49.21, a quick ratio of 0.97 and a current ratio of 1.37.

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