IQE (LON:IQE) Trading Up 17.4% – What’s Next?

IQE plc (LON:IQE) was up 17.4% during trading on Wednesday . The company traded as high as GBX 30.75 and last traded at GBX 30. Approximately 35,078,953 shares changed hands during mid-day trading, an increase of 45% from the average daily volume of 24,268,623 shares. The stock had previously closed at GBX 25.55.

IQE Trading Up 15.5%

The company has a debt-to-equity ratio of 81.86, a current ratio of 1.17 and a quick ratio of 0.97. The business’s 50 day simple moving average is GBX 14.41 and its 200 day simple moving average is GBX 9.02. The stock has a market cap of £288.72 million, a P/E ratio of -5.81, a PEG ratio of 12.70 and a beta of 2.40.

IQE Company Profile

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