IQE (LON:IQE) Trading 12.1% Higher - Here's Why

Key Points

• IQE plc shares surged by 12.1% on Monday, reaching a high of GBX 6.08, boosted by a trading volume increase of 235% compared to the average session.
• The company reported a negative earnings per share of GBX (1.60) in its last quarterly earnings, with forecasts suggesting a modest recovery to 0.37 earnings per share for the current year.
• IQE is a leading supplier in the compound semiconductor wafer products sector, central to the global semiconductor industry.

Shares of IQE plc (LON:IQE - Get Free Report) shot up 12.1% on Monday . The stock traded as high as GBX 6.08 ($0.08) and last traded at GBX 5.93 ($0.08). 11,606,038 shares changed hands during mid-day trading, an increase of 235% from the average session volume of 3,462,637 shares. The stock had previously closed at GBX 5.29 ($0.07).

IQE Stock Performance

The company has a 50-day moving average price of GBX 7.85 and a two-hundred day moving average price of GBX 9.22. The company has a current ratio of 1.37, a quick ratio of 0.97 and a debt-to-equity ratio of 49.21. The stock has a market capitalization of £57.97 million, a P/E ratio of -1.17, a price-to-earnings-growth ratio of 12.70 and a beta of 1.86.

IQE (LON:IQE - Get Free Report) last posted its quarterly earnings data 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, equities analysts forecast 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.