IQE (LON:IQE) Trading 10% Higher – Here’s Why

IQE plc (LON:IQEGet Free Report)’s stock price traded up 10% during trading on Monday . The company traded as high as GBX 5.88 ($0.08) and last traded at GBX 5.82 ($0.08). 8,851,964 shares were traded during trading, an increase of 157% from the average session volume of 3,449,071 shares. The stock had previously closed at GBX 5.29 ($0.07).

IQE Stock Up 11.7%

The company has a debt-to-equity ratio of 49.21, a current ratio of 1.37 and a quick ratio of 0.97. The business has a 50 day simple moving average of GBX 7.79 and a 200 day simple moving average of GBX 9.20. The company has a market capitalization of £67.26 million, a price-to-earnings ratio of -1.35, a PEG ratio of 12.70 and a beta of 1.86.

IQE (LON:IQEGet Free Report) last released its quarterly earnings results on Tuesday, September 23rd. The company reported GBX (1.60) EPS for the quarter. IQE had a negative return on equity of 14.21% and a negative net margin of 17.89%. As a group, equities analysts predict that IQE plc will post 0.37 earnings per share for the current fiscal year.

IQE Company Profile

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

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