IQE (LON:IQE) Trading Up 12% - Should You Buy?

Key Points

• IQE plc shares increased by 12% during trading, reaching a last traded price of GBX 6.90 ($0.09) with a trading volume that surged by 554%.
• The company's latest quarterly earnings reported an EPS of GBX (1.60), alongside a negative return on equity of 14.21%.
• IQE is a leading supplier of compound semiconductor wafer products, catering to the global semiconductor industry.

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 50 day simple moving average of GBX 7.73 and a 200 day simple moving average of GBX 9.19. The stock has a market cap of £67.45 million, a price-to-earnings ratio of -1.36, a P/E/G ratio of 12.70 and a beta of 1.86. The company has a quick ratio of 0.97, a current ratio of 1.37 and a debt-to-equity ratio of 49.21.

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.