IQE (LON:IQE) Trading Up 11.4% – Still a Buy?

IQE plc (LON:IQE)’s stock price was up 11.4% during mid-day trading on Thursday . The stock traded as high as GBX 11.44 ($0.15) and last traded at GBX 11.10 ($0.15). Approximately 11,298,786 shares traded hands during trading, an increase of 264% from the average daily volume of 3,103,313 shares. The stock had previously closed at GBX 9.96 ($0.13).

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 20 ($0.27) price objective on shares of IQE in a research note on Thursday, February 13th.

IQE Stock Performance

The company has a debt-to-equity ratio of 49.21, a current ratio of 1.37 and a quick ratio of 0.97. The company has a 50 day simple moving average of GBX 10.53 and a 200-day simple moving average of GBX 11.86. The stock has a market cap of £107.39 million, a P/E ratio of -4.61, a price-to-earnings-growth ratio of 12.70 and a beta of 1.86.

IQE (LON:IQE) last issued its quarterly earnings results on Tuesday, May 13th. The company reported GBX (2.46) (($0.03)) 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%. On average, equities analysts expect that IQE plc will post 0.37 earnings per share 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.