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IQE (LON:IQE) Trading Up 12% - Time to Buy?

IQE logo with Computer and Technology background

Key Points

  • IQE plc shares surged by 12% during trading, peaking at GBX 7.50 ($0.10) before settling at GBX 6.90 ($0.09), with trading volume up by 554% compared to its average.
  • The company's latest financial report revealed a loss of GBX (1.60) earnings per share, with a negative return on equity of 14.21% and a negative net margin of 17.89%.
  • IQE is recognized as the leading supplier of compound semiconductor wafer products and advanced materials to the global semiconductor industry.
  • Five stocks we like better than IQE.

Shares of IQE plc (LON:IQE - Get Free Report) traded 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). 23,545,375 shares changed hands during trading, an increase of 554% from the average session volume of 3,598,510 shares. The stock had previously closed at GBX 6.16 ($0.08).

IQE Stock Performance

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 debt-to-equity ratio of 49.21, a current ratio of 1.37 and a quick ratio of 0.97. The company's fifty day simple moving average is GBX 7.73 and its two-hundred day simple moving average is GBX 9.19.

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, analysts forecast that IQE plc will post 0.37 earnings per share for the current year.

IQE Company Profile

(Get Free Report)

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

Further Reading

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