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

Key Points

• IQE plc shares surged by 12% on Wednesday, trading as high as GBX 7.50 ($0.10) after closing at GBX 6.16 ($0.08) the previous day.
• The company reported a negative EPS of (1.60) for the most recent quarter, with analysts predicting earnings of 0.37 for the current fiscal year.
• IQE has a market capitalization of £67.45 million and a significant debt-to-equity ratio of 49.21, indicating substantial leverage.

Shares of IQE plc (LON:IQE - Get Free Report) were up 12% 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 changed hands during mid-day 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 quick ratio of 0.97, a current ratio of 1.37 and a debt-to-equity ratio of 49.21. The company's 50-day moving average is GBX 7.79 and its two-hundred day moving average is GBX 9.20. The company has a market capitalization of £67.45 million, a P/E ratio of -1.36, a PEG ratio of 12.70 and a beta of 1.86.

IQE (LON:IQE - Get Free Report) last issued its quarterly earnings results 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%. Equities 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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