IQE (LON:IQE) Trading Up 14.6% - What's Next?

Key Points

• IQE plc shares increased by 14.6% to GBX 7.06 ($0.09) amidst a trading surge, with volume rising 499% compared to the daily average.
• The company reported a negative earnings per share of GBX (1.60) for its latest quarter, alongside a negative net margin of 17.89%.
• IQE is recognized as the leading supplier of compound semiconductor wafer products for the global semiconductor industry.

Shares of IQE plc (LON:IQE - Get Free Report) were up 14.6% during mid-day trading on Wednesday . The company traded as high as GBX 7.50 ($0.10) and last traded at GBX 7.06 ($0.09). Approximately 21,509,064 shares traded hands during mid-day trading, an increase of 499% from the average daily volume of 3,588,309 shares. The stock had previously closed at GBX 6.16 ($0.08).

IQE Trading Up 12.0%

The company has a current ratio of 1.37, a quick ratio of 0.97 and a debt-to-equity ratio of 49.21. The company has a market cap of £67.45 million, a PE ratio of -1.36, a P/E/G ratio of 12.70 and a beta of 1.86. The business's 50-day simple moving average is GBX 7.79 and its 200-day simple moving average is GBX 9.20.

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 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 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.