IQE (LON:IQE) Trading 12% Higher - Time to Buy?

Key Points

• IQE's stock price experienced a significant surge of 12%, reaching as high as GBX 7.50 ($0.10) during mid-day trading on Wednesday, with a trading volume increase of 554% compared to the average session.
• The company's latest earnings report showed a negative earnings per share of GBX (1.60) and a negative return on equity of 14.21%, indicating financial challenges despite recent stock gains.
• IQE specializes in compound semiconductor wafer products, establishing itself as a leading supplier to the global semiconductor industry.

IQE plc (LON:IQE - Get Free Report)'s stock price was 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). Approximately 23,545,375 shares changed hands during 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 company has a debt-to-equity ratio of 49.21, a quick ratio of 0.97 and a current ratio of 1.37. The company 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. The business's 50 day moving average price is GBX 7.79 and its two-hundred day moving average price is GBX 9.20.

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