IQE (LON:IQE) Shares Up 12% – Still a Buy?

Shares of IQE plc (LON:IQEGet Free Report) rose 12% on Thursday . The company traded as high as GBX 7.50 ($0.10) and last traded at GBX 6.90 ($0.09). Approximately 23,545,375 shares changed hands during trading, an increase of 554% from the average daily volume of 3,598,510 shares. The stock had previously closed at GBX 6.16 ($0.08).

IQE Trading Up 0.6%

The stock’s fifty day moving average price is GBX 7.73 and its 200 day moving average price is GBX 9.19. 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 stock has a market capitalization of £67.84 million, a P/E ratio of -1.37, a PEG ratio of 12.70 and a beta of 1.86.

IQE (LON:IQEGet Free Report) last posted 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%. Research analysts forecast that IQE plc will post 0.37 earnings per share for the current year.

About IQE

(Get Free Report)

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

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