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

IQE logo with Computer and Technology background

Shares of IQE plc (LON:IQE - Get Free Report) were up 12% during trading on Wednesday . The company 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 Trading Up 0.6%

The business's fifty day moving average is GBX 7.73 and its 200-day moving average is GBX 9.19. The firm has a market cap of £67.84 million, a P/E ratio of -1.37, a price-to-earnings-growth ratio of 12.70 and a beta of 1.86. The company has a debt-to-equity ratio of 49.21, a quick ratio of 0.97 and a current ratio of 1.37.

IQE (LON:IQE - Get Free Report) last issued 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 net margin of 17.89% and a negative return on equity of 14.21%. Analysts predict that IQE plc will post 0.37 EPS for the current year.

IQE Company Profile

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

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