IQE (LON:IQE) Trading 11.4% Higher - Should You Buy?

IQE plc (LON:IQE - Get Free Report)'s share price traded up 11.4% during trading on Thursday . The company traded as high as GBX 11.44 ($0.15) and last traded at GBX 11.10 ($0.15). 11,298,786 shares traded hands during trading, an increase of 264% from the average session volume of 3,103,313 shares. The stock had previously closed at GBX 9.96 ($0.13).

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a GBX 20 ($0.27) target price on shares of IQE in a report on Thursday, February 13th.

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 stock has a market cap of £106.13 million, a price-to-earnings ratio of -4.55, a PEG ratio of 12.70 and a beta of 1.86. The firm has a fifty day moving average of GBX 10.44 and a 200 day moving average of GBX 11.83.

IQE (LON:IQE - Get Free Report) last issued its quarterly earnings data on Tuesday, May 13th. The company reported GBX (2.46) (($0.03)) earnings per share for the quarter. IQE had a negative return on equity of 14.21% and a negative net margin of 17.89%. As a group, sell-side analysts forecast that IQE plc will post 0.37 EPS for the current year.

About IQE

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