IQE (LON:IQE) Stock Price Up 12% - Here's What Happened

Key Points

• IQE plc's share price increased by 12% in a single day of trading, reaching as high as GBX 7.50 ($0.10) from the previous close of GBX 6.16 ($0.08).
• Trading volume surged to approximately 23.5 million shares, a significant increase of 554% compared to the average daily volume.
• IQE reported a negative earnings per share (EPS) of GBX (1.60) and a negative net margin of 17.89% in its latest quarterly earnings.

IQE plc (LON:IQE - Get Free Report)'s share price rose 12% during trading on Thursday . The company traded as high as GBX 7.50 ($0.10) and last traded at GBX 6.90 ($0.09). Approximately 23,545,375 shares changed hands during mid-day trading, an increase of 554% from the average daily volume of 3,598,510 shares. The stock had previously closed at GBX 6.16 ($0.08).

IQE Price Performance

The firm has a market capitalization of £67.74 million, a PE ratio of -1.36, a PEG ratio of 12.70 and a beta of 1.86. The stock has a 50-day moving average price of GBX 7.73 and a 200 day moving average price of GBX 9.19. The company has a quick ratio of 0.97, a current ratio of 1.37 and a debt-to-equity ratio of 49.21.

IQE (LON:IQE - Get Free Report) last posted its quarterly earnings data on Tuesday, September 23rd. The company reported GBX (1.60) EPS for the quarter. IQE had a negative net margin of 17.89% and a negative return on equity of 14.21%. Equities analysts forecast that IQE plc will post 0.37 EPS for the current fiscal year.

IQE Company Profile

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

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