IQE (LON:IQE) Shares Up 11.4% - Still a Buy?

IQE plc (LON:IQE - Get Free Report) was up 11.4% during trading on Thursday . The stock traded as high as GBX 11.44 ($0.15) and last traded at GBX 11.10 ($0.15). Approximately 11,298,786 shares traded hands during trading, an increase of 264% from the average daily volume of 3,103,313 shares. The stock had previously closed at GBX 9.96 ($0.13).

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a GBX 20 ($0.27) price target on shares of IQE in a report on Thursday, February 13th.

IQE Stock Down 2.5%

The company has a quick ratio of 0.97, a current ratio of 1.37 and a debt-to-equity ratio of 49.21. The company has a 50-day simple moving average of GBX 10.44 and a two-hundred day simple moving average of GBX 11.83. The stock has a market cap of £106.13 million, a P/E ratio of -4.55, a P/E/G ratio of 12.70 and a beta of 1.86.

IQE (LON:IQE - Get Free Report) last announced its quarterly earnings data on Tuesday, May 13th. The company reported GBX (2.46) (($0.03)) earnings per share for the quarter. IQE had a negative net margin of 17.89% and a negative return on equity of 14.21%. On average, equities analysts forecast that IQE plc will post 0.37 EPS for the current year.

IQE Company Profile

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