IQE (LON:IQE) Trading Up 8.6% – Still a Buy?

IQE plc (LON:IQE) shares were up 8.6% during trading on Wednesday . The company traded as high as GBX 9.96 ($0.13) and last traded at GBX 9.96 ($0.13). Approximately 10,690,104 shares traded hands during mid-day trading, an increase of 255% from the average daily volume of 3,013,253 shares. The stock had previously closed at GBX 9.17 ($0.12).

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 20 ($0.27) price objective on shares of IQE in a research note on Thursday, February 13th.

IQE Stock Down 1.1%

The business has a 50-day moving average price of GBX 10.48 and a 200-day moving average price of GBX 11.84. The company has a market capitalization of £107.67 million, a price-to-earnings ratio of -4.62, a price-to-earnings-growth ratio of 12.70 and a beta of 1.86. The company has a quick ratio of 0.97, a current ratio of 1.37 and a debt-to-equity ratio of 49.21.

IQE (LON:IQE) last announced its earnings results on Tuesday, May 13th. The company reported GBX (2.46) (($0.03)) earnings per share (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 anticipate that IQE plc will post 0.37 earnings per share for the current fiscal year.

IQE Company Profile

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