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IQE (LON:IQE) Trading 12% Higher - What's Next?

IQE logo with Computer and Technology background

Key Points

  • IQE plc's stock surged by 12% on Wednesday, reaching a high of GBX 7.50 before closing at GBX 6.90.
  • The company reported a negative earnings per share of GBX (1.60) for the last quarter, with analysts projecting a future EPS of 0.37.
  • IQE has a market capitalization of £67.45 million and a notably high debt-to-equity ratio of 49.21.
  • Five stocks to consider instead of IQE.

IQE plc (LON:IQE - Get Free Report) traded up 12% on Wednesday . The stock 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 Performance

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 cap of £67.45 million, a price-to-earnings ratio of -1.36, a P/E/G ratio of 12.70 and a beta of 1.86. The firm has a fifty day simple moving average of GBX 7.79 and a two-hundred day simple moving average of GBX 9.20.

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

About IQE

(Get Free Report)

IQE is the leading supplier of compound semiconductor wafer products and advanced material solutions to the global semiconductor industry.

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