IQE (LON:IQE) Stock Price Up 11.4% - Time to Buy?

Shares of IQE plc (LON:IQE - Get Free Report) traded up 11.4% on Wednesday . The stock traded as high as GBX 11.44 ($0.15) and last traded at GBX 11.10 ($0.15). 11,298,786 shares were traded during mid-day trading, an increase of 264% from the average session volume of 3,103,313 shares. The stock had previously closed at GBX 9.96 ($0.13).

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a GBX 20 ($0.27) price objective on shares of IQE in a research report on Thursday, February 13th.

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 10.44 and its 200 day simple moving average is GBX 11.83. The firm has a market capitalization of £106.13 million, a P/E ratio of -4.55, a PEG ratio of 12.70 and a beta of 1.86.

IQE (LON:IQE - Get Free Report) last issued its quarterly earnings results on Tuesday, May 13th. The company reported GBX (2.46) (($0.03)) EPS for the quarter. IQE had a negative net margin of 17.89% and a negative return on equity of 14.21%. Sell-side analysts forecast 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.