IQE (LON:IQE) Stock Price Up 12.1% - Should You Buy?

Key Points

• IQE plc shares experienced a significant increase of 12.1% during trading, reaching a high of GBX 6.08.
• The company's market capitalization stands at £61.98 million, with a negative P/E ratio of -1.25 and a projected EPS of 0.37 for the current year.
• IQE is recognized as a leading supplier in the compound semiconductor industry, focusing on wafer products and advanced material solutions.

IQE plc (LON:IQE - Get Free Report) shares rose 12.1% during mid-day trading on Monday . The stock 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 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 company has a market cap of £61.98 million, a P/E ratio of -1.25, a P/E/G ratio of 12.70 and a beta of 1.86. The firm has a 50 day moving average price of GBX 7.85 and a 200-day moving average price of GBX 9.22. 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 released its quarterly 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%. On average, research analysts predict that IQE plc will post 0.37 EPS for the current year.

About IQE

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.