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IQE (LON:IQE) Trading Up 12.1% - Time to Buy?

IQE logo with Computer and Technology background

Key Points

  • IQE plc's stock surged by 12.1% during trading, with approximately 11.6 million shares exchanged, marking a significant increase in trading volume.
  • The company's current financial metrics include a market capitalization of £63.44 million and a P/E ratio of -1.28, indicating negative earnings relative to share price.
  • IQE reported a negative earnings per share (EPS) of GBX (1.60) for the quarter, with analysts forecasting a positive EPS of 0.37 for the current year.
  • MarketBeat previews the top five stocks to own by November 1st.

IQE plc (LON:IQE - Get Free Report) was up 12.1% during trading on Tuesday . 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 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 Price 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 firm has a market capitalization of £63.44 million, a P/E ratio of -1.28, a PEG ratio of 12.70 and a beta of 1.86. The business's 50-day simple moving average is GBX 7.85 and its 200 day simple moving average is GBX 9.22.

IQE (LON:IQE - Get Free Report) last issued its 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%. Sell-side analysts forecast 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.

Further Reading

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