IQE (LON:IQE) Trading 12.7% Higher - Time to Buy?

Key Points

• IQE plc shares experienced a significant increase of 12.7% during trading, reaching a last traded price of GBX 6.94 ($0.09).
• The company reported a negative net margin of 17.89% and a negative return on equity of 14.21%, reflecting ongoing financial challenges.
• Analysts predict that IQE plc will post an earnings per share (EPS) of 0.37 for the current fiscal year.

IQE plc (LON:IQE - Get Free Report) shares rose 12.7% during trading on Wednesday . The stock traded as high as GBX 7.19 ($0.10) and last traded at GBX 6.94 ($0.09). Approximately 12,971,453 shares changed hands during mid-day trading, an increase of 266% from the average daily volume of 3,546,929 shares. The stock had previously closed at GBX 6.16 ($0.08).

IQE Stock Up 12.7%

The firm has a market capitalization of £67.84 million, a P/E ratio of -1.37, a PEG ratio of 12.70 and a beta of 1.86. The firm's 50-day moving average is GBX 7.79 and its 200 day moving average is GBX 9.20. The company has a debt-to-equity ratio of 49.21, a quick ratio of 0.97 and a current ratio of 1.37.

IQE (LON:IQE - Get Free Report) last posted its quarterly earnings data 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%. As a group, equities research 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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