IQE (LON:IQE) Trading 11.7% Higher – Should You Buy?

IQE plc (LON:IQE) shares traded up 11.7% on Thursday . The company traded as high as GBX 43.90 and last traded at GBX 43.90. 17,940,377 shares were traded during trading, a decline of 50% from the average session volume of 36,055,355 shares. The stock had previously closed at GBX 39.30.

Analysts Set New Price Targets

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

IQE Stock Performance

The company has a market capitalization of £607.07 million, a price-to-earnings ratio of -12.27, a price-to-earnings-growth ratio of 12.70 and a beta of 2.25. 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 has a 50-day simple moving average of GBX 45.20 and a 200-day simple moving average of GBX 23.32.

IQE (LON:IQE) last issued its quarterly earnings data on Thursday, May 28th. The company reported GBX (2.82) EPS for the quarter. The company had revenue of GBX 9,730 million for the quarter. IQE had a negative return on equity of 37.49% and a negative net margin of 37.71%. On average, analysts anticipate that IQE plc will post 0.37 earnings per share for the current year.

About IQE

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