IQE (LON:IQE) Trading 14.4% Higher - Time to Buy?

Key Points

• IQE plc shares surged 14.4% on Wednesday, reaching a high of GBX 7.50 ($0.10) before closing at GBX 7.05 ($0.09), with trading volume increasing by 510% from average levels.
• The company reported a negative net margin of 17.89% and earnings per share of GBX (1.60) for its latest quarter, indicating ongoing financial challenges.
• IQE is the leading supplier of compound semiconductor wafer products in the global semiconductor industry, which positions it uniquely despite its current financial struggles.

Shares of IQE plc (LON:IQE - Get Free Report) shot up 14.4% during trading on Wednesday . The company traded as high as GBX 7.50 ($0.10) and last traded at GBX 7.05 ($0.09). 21,889,383 shares changed hands during trading, an increase of 510% from the average session volume of 3,590,431 shares. The stock had previously closed at GBX 6.16 ($0.08).

IQE Trading Up 12.0%

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 company has a market capitalization of £67.45 million, a price-to-earnings ratio of -1.36, a PEG ratio of 12.70 and a beta of 1.86. The company has a fifty day moving average of GBX 7.79 and a 200-day moving average of GBX 9.20.

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 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 anticipate 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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