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IQE (LON:IQE) Trading Up 12.1% - Still a Buy?

IQE logo with Computer and Technology background

Key Points

  • IQE plc shares surged by 12.1% on Monday, with trading volume jumping to 11,606,038 shares, significantly higher than the average of 3,462,637 shares.
  • The company reported a negative earnings per share (EPS) of GBX (1.60) for its recent quarter and has a market cap of £57.97 million.
  • Analysts project that IQE will post an EPS of 0.37 for the current fiscal year, amidst a backdrop of high volatility indicated by a beta of 1.86.
  • Five stocks to consider instead of IQE.

IQE plc (LON:IQE - Get Free Report)'s share price was 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 changed hands 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 Up 12.1%

The company has a debt-to-equity ratio of 49.21, a quick ratio of 0.97 and a current ratio of 1.37. The business's 50 day simple moving average is GBX 7.85 and its 200-day simple moving average is GBX 9.22. The company has a market cap of £57.97 million, a price-to-earnings ratio of -1.17, a price-to-earnings-growth ratio of 12.70 and a beta of 1.86.

IQE (LON:IQE - Get Free Report) last announced its earnings results on Tuesday, September 23rd. The company reported GBX (1.60) EPS for the quarter. IQE had a negative return on equity of 14.21% and a negative net margin of 17.89%. Sell-side analysts expect that IQE plc will post 0.37 earnings per share for the current year.

About IQE

(Get Free Report)

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

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