IQE (LON:IQE) Trading 12% Higher - Still a Buy?

Key Points

• IQE plc's stock price increased by 12%, trading as high as GBX 7.50 on Wednesday, significantly above its previous close of GBX 6.16.
• The company reported a quarterly earnings EPS of GBX (1.60) with a negative net margin of 17.89% and return on equity of -14.21%.
• IQE is a leading supplier of compound semiconductor wafer products and has a market capitalization of £67.45 million.

IQE plc (LON:IQE - Get Free Report)'s stock price traded up 12% during mid-day trading 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 changed hands 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 Price Performance

The business's 50 day moving average is GBX 7.73 and its 200-day moving average is GBX 9.19. The firm has a market capitalization of £67.45 million, a P/E ratio of -1.36, a PEG ratio of 12.70 and a beta of 1.86. The company has a quick ratio of 0.97, a current ratio of 1.37 and a debt-to-equity ratio of 49.21.

IQE (LON:IQE - Get Free Report) last announced 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 net margin of 17.89% and a negative return on equity of 14.21%. As a group, sell-side analysts predict 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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