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IQE (LON:IQE) Stock Price Up 12% - Should You Buy?

IQE logo with Computer and Technology background

Key Points

  • IQE plc's stock price surged 12% on Wednesday, reaching a last traded price of GBX 6.90 ($0.09) after a significant increase in trading volume.
  • The company reported a quarterly earnings of GBX (1.60) EPS, indicating a negative net margin of 17.89% and a negative return on equity of 14.21%.
  • IQE is recognized as a leading supplier of compound semiconductor wafer products for the global semiconductor industry.
  • Five stocks we like better than IQE.

IQE plc (LON:IQE - Get Free Report) rose 12% during mid-day trading on Wednesday . 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 were traded 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 Trading Up 12.0%

The stock's 50 day moving average price is GBX 7.79 and its 200-day moving average price is GBX 9.20. 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 stock has a market capitalization of £67.45 million, a PE ratio of -1.36, a PEG ratio of 12.70 and a beta of 1.86.

IQE (LON:IQE - Get Free Report) last posted its earnings results on Tuesday, September 23rd. The company reported GBX (1.60) 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, sell-side analysts expect that IQE plc will post 0.37 earnings per share for the current fiscal year.

About IQE

(Get Free Report)

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

Further Reading

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