IQE (LON:IQE) Trading Up 12% - Here's What Happened

Key Points

• IQE plc shares saw a 12% increase in trading, closing at GBX 6.90 ($0.09) after reaching a high of GBX 7.50 ($0.10), with trading volume increasing by 554% from its daily average.
• The company reported a negative EPS of GBX (1.60) for the latest quarter, with an expected average EPS of 0.37 for the current year.
• IQE is a leading supplier in the compound semiconductor industry, serving global needs for wafer products and advanced material solutions.

IQE plc (LON:IQE - Get Free Report) was up 12% during trading on Wednesday . The stock traded as high as GBX 7.50 ($0.10) and last traded at GBX 6.90 ($0.09). Approximately 23,545,375 shares traded hands during trading, an increase of 554% from the average daily volume of 3,598,510 shares. The stock had previously closed at GBX 6.16 ($0.08).

IQE Stock Performance

The company has a fifty day moving average price of GBX 7.79 and a 200 day moving average price of GBX 9.20. The stock has a market cap of £67.45 million, a P/E ratio of -1.36, a P/E/G ratio of 12.70 and a beta of 1.86. The company has a debt-to-equity ratio of 49.21, a current ratio of 1.37 and a quick ratio of 0.97.

IQE (LON:IQE - Get Free Report) last announced its quarterly earnings results on Tuesday, September 23rd. The company reported GBX (1.60) earnings per share (EPS) 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 expect that IQE plc will post 0.37 EPS 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.

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