IQE (LON:IQE) Trading Up 11.4% - Should You Buy?

IQE plc (LON:IQE - Get Free Report) shares shot up 11.4% 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 changed 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 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 Trading Up 3.4%

The stock has a 50-day moving average price of GBX 10.40 and a 200-day moving average price of GBX 11.82. The stock has a market cap 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. 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 issued its quarterly 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, equities research analysts expect 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.