IQE (LON:IQE) Trading Up 14.4% - What's Next?

Key Points

• IQE plc's share price surged by 14.4% during mid-day trading, reaching a peak of GBX 7.50 before settling at GBX 7.05, significantly above its previous close of GBX 6.16.
• Approximately 21.9 million shares were traded, a remarkable 510% increase in volume compared to the average daily trading volume.
• The company's latest quarterly earnings report revealed a negative EPS of GBX (1.60), contributing to a negative return on equity and net margin, highlighting ongoing financial challenges.

IQE plc (LON:IQE - Get Free Report)'s share price was up 14.4% during mid-day trading on Wednesday . The stock traded as high as GBX 7.50 ($0.10) and last traded at GBX 7.05 ($0.09). Approximately 21,889,383 shares traded hands during trading, an increase of 510% from the average daily volume of 3,590,431 shares. The stock had previously closed at GBX 6.16 ($0.08).

IQE Trading Up 12.0%

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 firm's fifty day simple moving average is GBX 7.79 and its 200-day simple moving average is GBX 9.20. The stock has a market cap of £67.45 million, a P/E ratio of -1.36, a price-to-earnings-growth ratio of 12.70 and a beta of 1.86.

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 return on equity of 14.21% and a negative net margin of 17.89%. Equities research analysts expect that IQE plc will post 0.37 EPS for the current fiscal year.

About IQE

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

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