IQE (LON:IQE) Stock Price Up 12.1% - Time to Buy?

Key Points

• Shares of IQE plc rose 12.1% during trading, reaching a high of GBX 6.08 ($0.08), with the volume of shares traded increasing by 235% compared to the average daily volume.
• The company has a market cap of £57.97 million and reported a quarterly EPS of GBX (1.60), reflecting ongoing challenges with a negative net margin of 17.89%.
• Analysts forecast IQE plc will post 0.37 earnings per share for the current year, despite the company's negative return on equity of 14.21%.

Shares of IQE plc (LON:IQE - Get Free Report) rose 12.1% during trading 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 changed hands 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 company has a market cap of £57.97 million, a price-to-earnings ratio of -1.17, a P/E/G ratio of 12.70 and a beta of 1.86. The company has a current ratio of 1.37, a quick ratio of 0.97 and a debt-to-equity ratio of 49.21. The stock's fifty day simple moving average is GBX 7.85 and its 200 day simple moving average is GBX 9.22.

IQE (LON:IQE - Get Free Report) last released 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%. As a group, analysts anticipate that IQE plc will post 0.37 earnings per share 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.

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