IQE (LON:IQE) Shares Up 12% – Time to Buy?

Shares of IQE plc (LON:IQEGet Free Report) rose 12% during mid-day trading 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 traded 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 3.8%

The company has a quick ratio of 0.97, a current ratio of 1.37 and a debt-to-equity ratio of 49.21. The business’s fifty day moving average is GBX 7.64 and its two-hundred day moving average is GBX 9.14. The firm has a market cap of £66.57 million, a price-to-earnings ratio of -1.34, a price-to-earnings-growth ratio of 12.70 and a beta of 1.86.

IQE (LON:IQEGet Free Report) last posted its quarterly earnings data on Tuesday, September 23rd. The company reported GBX (1.60) 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%. Equities analysts anticipate 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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