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

Key Points

• IQE plc shares increased by 12% to GBX 6.90, significantly outperforming its average trading volume with approximately 23.5 million shares traded.
• The company reported a negative EPS of GBX (1.60) in its recent quarterly earnings, with analysts projecting a modest return of 0.37 EPS for the current fiscal year.
• IQE is a leading supplier of compound semiconductor wafer products to the global semiconductor industry, indicating its major role in a growing market.

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

IQE Trading Up 12.0%

The stock has a market capitalization of £67.45 million, a price-to-earnings ratio of -1.36, a PEG ratio of 12.70 and a beta of 1.86. 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 business's 50-day simple moving average is GBX 7.73 and its two-hundred day simple moving average is GBX 9.19.

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