IQE (LON:IQE) Trading Up 12.7% - Here's What Happened

Key Points

• IQE plc shares surged 12.7% on Wednesday, reaching a trading high of GBX 7.19 ($0.10), with over 12.9 million shares exchanged, reflecting a 266% increase in trading volume.
• The company reported a quarterly earnings per share (EPS) of GBX (1.60) and has a market cap of £67.84 million, with a negative net margin of 17.89%.
• IQE is recognized as the leading supplier of compound semiconductor wafer products and advanced material solutions to the global semiconductor industry.

IQE plc (LON:IQE - Get Free Report) shares rose 12.7% on Wednesday . The stock traded as high as GBX 7.19 ($0.10) and last traded at GBX 6.94 ($0.09). Approximately 12,971,453 shares traded hands during mid-day trading, an increase of 266% from the average daily volume of 3,546,929 shares. The stock had previously closed at GBX 6.16 ($0.08).

IQE Trading Up 12.7%

The company has a market cap of £67.84 million, a PE ratio of -1.37, a P/E/G ratio of 12.70 and a beta of 1.86. The stock's 50 day moving average is GBX 7.79 and its 200-day moving average is GBX 9.20. The company has a quick ratio of 0.97, a current ratio of 1.37 and a debt-to-equity ratio of 49.21.

IQE (LON:IQE - Get Free Report) last released 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 net margin of 17.89% and a negative return on equity of 14.21%. As a group, sell-side analysts anticipate that IQE plc will post 0.37 EPS 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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