IQE (LON:IQE) Stock Price Up 21.1% - Here's What Happened

Key Points

• 21.1% price surge — IQE's shares jumped 21.1% on Tuesday, trading as high as GBX 10 and last at GBX 9.89, with volume up 33% to 17,015,805 shares versus an average of 12,834,619.
• Mixed fundamentals — the company has a market cap of £91.66 million and a negative P/E (-1.84), with a debt-to-equity ratio of 49.21 and liquidity ratios near 1 (quick ratio 0.97, current ratio 1.37); its 50-day and 200-day moving averages are GBX 6.42 and GBX 7.03.
• Business profile — IQE is a leading supplier of compound semiconductor wafer products and advanced material solutions to the global semiconductor industry.

IQE plc (LON:IQE - )'s stock price traded up 21.1% on Tuesday . The company traded as high as GBX 10 and last traded at GBX 9.89. 17,015,805 shares changed hands during mid-day trading, an increase of 33% from the average session volume of 12,834,619 shares. The stock had previously closed at GBX 8.17.

IQE Stock Performance

The company's 50-day moving average is GBX 6.42 and its two-hundred day moving average is GBX 7.03. 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 company has a market cap of £91.66 million, a P/E ratio of -1.84, a price-to-earnings-growth ratio of 12.70 and a beta of 1.86.

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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