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

Shares of IQE plc (LON:IQE - Get Free Report) traded 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). 11,298,786 shares traded hands during trading, an increase of 264% from the average session volume of 3,103,313 shares. The stock had previously closed at GBX 9.96 ($0.13).

Wall Street Analysts Forecast Growth

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

IQE Stock Performance

The company has a debt-to-equity ratio of 49.21, a current ratio of 1.37 and a quick ratio of 0.97. The business has a 50-day moving average of GBX 10.40 and a 200-day moving average of GBX 11.82. The company has a market capitalization of £108.70 million, a P/E ratio of -4.67, a P/E/G ratio of 12.70 and a beta of 1.86.

IQE (LON:IQE - Get Free Report) last released its earnings results on Tuesday, May 13th. The company reported GBX (2.46) (($0.03)) 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, sell-side analysts anticipate 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.