IQE (LON:IQE) Trading Up 30.5% – Should You Buy?

IQE plc (LON:IQE) shares were up 30.5% during mid-day trading on Tuesday . The company traded as high as GBX 47.10 and last traded at GBX 47.10. Approximately 37,654,422 shares traded hands during mid-day trading, an increase of 12% from the average daily volume of 33,769,598 shares. The stock had previously closed at GBX 36.10.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 60 price target on shares of IQE in a research report on Wednesday, May 27th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of GBX 60.

IQE Price Performance

The firm has a market cap of £626.92 million, a price-to-earnings ratio of -12.49, a P/E/G ratio of 12.70 and a beta of 2.24. The company has a current ratio of 0.76, a quick ratio of 0.97 and a debt-to-equity ratio of 102.23. The stock’s fifty day moving average price is GBX 45.84 and its 200-day moving average price is GBX 30.85.

IQE (LON:IQE) last released its quarterly earnings data on Thursday, May 28th. The company reported GBX (2.82) EPS for the quarter. The business had revenue of GBX 9,730 million during the quarter. IQE had a negative net margin of 37.71% and a negative return on equity of 37.49%. As a group, equities research analysts forecast 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.