IQE (LON:IQE) Trading 12% Higher - Here's What Happened

Key Points

• IQE plc's stock price increased by 12% on Wednesday, trading as high as GBX 7.50 before settling at GBX 6.90.
• The stock's trading volume saw a significant rise, with over 23 million shares changing hands, representing a 554% increase from the average session volume.
• Despite the stock's performance, IQE reported a negative earnings per share of GBX (1.60) and a negative net margin of 17.89%.

Shares of IQE plc (LON:IQE - Get Free Report) traded up 12% on Wednesday . The company traded as high as GBX 7.50 ($0.10) and last traded at GBX 6.90 ($0.09). 23,545,375 shares were traded during mid-day trading, an increase of 554% from the average session volume of 3,598,510 shares. The stock had previously closed at GBX 6.16 ($0.08).

IQE Stock Up 12.0%

The business has a fifty day moving average price of GBX 7.79 and a two-hundred day moving average price of GBX 9.20. The company has a debt-to-equity ratio of 49.21, a current ratio of 1.37 and a quick ratio of 0.97. The firm has a market capitalization of £67.45 million, a price-to-earnings ratio of -1.36, a price-to-earnings-growth ratio of 12.70 and a beta of 1.86.

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