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

Key Points

• IQE plc's shares surged by 12.1% during trading, reaching GBX 6.08, significantly increasing from its prior closing of GBX 5.29.
• The stock experienced a trading volume of approximately 11.6 million shares, more than double the average daily volume.
• IQE reported a negative earnings per share (EPS) of GBX (1.60) last quarter, with analysts anticipating a positive EPS of 0.37 for the current fiscal year.

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

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 stock has a 50 day simple moving average of GBX 7.85 and a 200 day simple moving average of GBX 9.22. The company has a market capitalization of £57.97 million, a price-to-earnings ratio of -1.17, a P/E/G ratio of 12.70 and a beta of 1.86.

IQE (LON:IQE - Get Free Report) last issued its 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%. As a group, 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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