IQE (LON:IQE) Stock Price Up 12% - Still a Buy?

Key Points

• IQE plc shares surged 12% during trading, reaching a high of GBX 7.50, with notable trading volume of approximately 23.5 million shares, a significant increase from its average daily volume.
• The company reported a loss of GBX (1.60) EPS for the last quarter and has a negative net margin of 17.89%, indicating ongoing financial challenges.
• IQE, a leading supplier of compound semiconductor wafer products, has a market cap of £67.45 million and a P/E ratio of -1.36, reflecting its current valuation issues.

IQE plc (LON:IQE - Get Free Report) shares rose 12% during 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 Price Performance

The stock has a market cap of £67.45 million, a PE ratio of -1.36, 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 current ratio of 1.37 and a quick ratio of 0.97. The business has a fifty day moving average of GBX 7.73 and a 200 day moving average of GBX 9.19.

IQE (LON:IQE - Get Free Report) last issued its quarterly earnings results 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%. Sell-side analysts anticipate that IQE plc will post 0.37 earnings per share 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.

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