IQE (LON:IQE) Shares Up 12.1% – Here’s Why

IQE plc (LON:IQEGet Free Report) shares traded up 12.1% during mid-day trading on Tuesday . The stock traded as high as GBX 6.08 ($0.08) and last traded at GBX 5.93 ($0.08). 11,606,038 shares traded hands during mid-day trading, an increase of 235% from the average session volume of 3,462,637 shares. The stock had previously closed at GBX 5.29 ($0.07).

IQE Price Performance

The company has a 50 day simple moving average of GBX 7.85 and a 200-day simple moving average of GBX 9.22. The stock has a market cap of £63.44 million, a price-to-earnings ratio of -1.28, a P/E/G ratio of 12.70 and a beta of 1.86. The company has a current ratio of 1.37, a quick ratio of 0.97 and a debt-to-equity ratio of 49.21.

IQE (LON:IQEGet 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%. Research analysts expect that IQE plc will post 0.37 EPS 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.

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