IQE (LON:IQE) Shares Up 17.6% – Should You Buy?

IQE plc (LON:IQE)’s share price shot up 17.6% during trading on Monday . The company traded as high as GBX 43.95 and last traded at GBX 43.51. 52,351,047 shares changed hands during mid-day trading, an increase of 109% from the average session volume of 25,072,098 shares. The stock had previously closed at GBX 37.

IQE Trading Down 2.6%

The business has a fifty day moving average price of GBX 20.86 and a 200 day moving average price of GBX 11.32. The company has a market capitalization of £468.00 million, a PE ratio of -9.41, a P/E/G ratio of 12.70 and a beta of 1.87. The company has a debt-to-equity ratio of 81.86, a quick ratio of 0.97 and a current ratio of 1.17.

About IQE

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