IQE (LON:IQE) Stock Price Up 12.1% - Here's What Happened

Key Points

• IQE plc's stock price surged 12.1% on Monday, trading as high as GBX 6.08 ($0.08) following significant volume increases of 235% from its average daily trading activity.
• The company currently holds a market capitalization of £57.97 million and reported an earnings loss of GBX (1.60) per share, with a negative return on equity of 14.21%.
• IQE is the leading supplier of compound semiconductor wafer products to the global semiconductor industry, which may position it for future growth despite current financial challenges.

IQE plc (LON:IQE - Get Free Report)'s stock price rose 12.1% on Monday . The company traded as high as GBX 6.08 ($0.08) and last traded at GBX 5.93 ($0.08). Approximately 11,606,038 shares were traded during mid-day trading, an increase of 235% from the average daily volume of 3,462,637 shares. The stock had previously closed at GBX 5.29 ($0.07).

IQE Stock Performance

The firm's 50 day simple moving average is GBX 7.93 and its 200 day simple moving average is GBX 9.25. The firm has a market capitalization of £57.97 million, a price-to-earnings ratio of -1.17, a PEG 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 earnings results on Tuesday, September 23rd. The company reported GBX (1.60) 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%. Sell-side analysts forecast that IQE plc will post 0.37 earnings per share for the current fiscal year.

About IQE

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

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