IQE (LON:IQE) Stock Price Up 12.7% - Here's Why

Key Points

• IQE plc shares rose by 12.7% on Wednesday, trading at GBX 6.94 after a peak of GBX 7.19, significantly increasing trading volume by 266%.
• The company reported a negative EPS of GBX (1.60) for the last quarter, expecting to post 0.37 EPS for the current fiscal year amid a negative net margin of 17.89%.
• The stock is characterized by a debt-to-equity ratio of 49.21 and has a market cap of £67.84 million, indicating financial challenges despite its position in the semiconductor market.

Shares of IQE plc (LON:IQE - Get Free Report) were up 12.7% on Wednesday . The stock traded as high as GBX 7.19 ($0.10) and last traded at GBX 6.94 ($0.09). Approximately 12,971,453 shares were traded during mid-day trading, an increase of 266% from the average daily volume of 3,546,929 shares. The stock had previously closed at GBX 6.16 ($0.08).

IQE Price Performance

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 business's 50-day simple moving average is GBX 7.79 and its 200-day simple moving average is GBX 9.20. The stock has a market cap of £67.84 million, a PE ratio of -1.37, a PEG ratio of 12.70 and a beta of 1.86.

IQE (LON:IQE - Get Free Report) last announced its earnings results on Tuesday, September 23rd. The company reported GBX (1.60) earnings per share (EPS) for the quarter. IQE had a negative net margin of 17.89% and a negative return on equity of 14.21%. On average, research analysts expect that IQE plc will post 0.37 EPS for the current fiscal 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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