Insider Selling: IQE (LON:IQE) Insider Sells £230,000 in Stock

IQE plc (LON:IQE) insider Bamdad Bastani sold 500,000 shares of IQE stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of GBX 46, for a total value of £230,000.

IQE Stock Up 8.2%

Shares of LON:IQE opened at GBX 47 on Friday. The firm has a market capitalization of £625.59 million, a PE ratio of -12.47, a price-to-earnings-growth ratio of 12.70 and a beta of 2.24. IQE plc has a 1 year low of GBX 4.66 and a 1 year high of GBX 72.90. The company has a debt-to-equity ratio of 102.23, a current ratio of 0.76 and a quick ratio of 0.97. The firm’s 50-day moving average is GBX 45.42 and its two-hundred day moving average is GBX 34.32.

IQE (LON:IQE) last posted 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%. Analysts predict that IQE plc will post 0.37 EPS for the current year.

Analysts Set New Price Targets

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

About IQE

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