IQE (LON:IQE) Trading Up 12.1% - Here's What Happened

Key Points

• IQE plc's stock price increased by 12.1%, with trading volumes rising significantly to over 11.6 million shares, compared to an average of 3.4 million shares.
• The company has reported a negative earnings per share of GBX (1.60) for the most recent quarter, with analysts predicting a modest recovery to 0.37 earnings per share for the current year.
• IQE specializes in compound semiconductor wafer products and solutions for the global semiconductor industry, but currently has a negative net margin of 17.89% and a high debt-to-equity ratio of 49.21.

IQE plc (LON:IQE - Get Free Report)'s stock price shot up 12.1% on Monday . The company traded as high as GBX 6.08 ($0.08) and last traded at GBX 5.93 ($0.08). 11,606,038 shares traded hands during trading, an increase of 235% from the average session volume of 3,462,637 shares. The stock had previously closed at GBX 5.29 ($0.07).

IQE Stock Up 12.1%

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 has a market capitalization of £57.97 million, a PE ratio of -1.17, a PEG ratio of 12.70 and a beta of 1.86. The company's 50 day moving average is GBX 7.85 and its two-hundred day moving average is GBX 9.22.

IQE (LON:IQE - Get Free Report) last released its quarterly earnings data 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%. On average, analysts anticipate that IQE plc will post 0.37 earnings per share 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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