IQE (LON:IQE) Issues Earnings Results

IQE (LON:IQE) issued its quarterly earnings data on Monday. The company reported GBX (0.82) EPS for the quarter, Digital Look Earnings reports. IQE had a negative return on equity of 19.81% and a negative net margin of 20.21%.

IQE Trading Up 1.3%

Shares of LON:IQE opened at GBX 48.55 on Wednesday. The company has a 50 day moving average of GBX 44.40 and a 200-day moving average of GBX 40.48. The firm has a market cap of £646.24 million, a P/E ratio of -12.88, a P/E/G ratio of 12.70 and a beta of 2.23. IQE has a twelve month low of GBX 4.66 and a twelve month high of GBX 72.90. The company has a current ratio of 2.40, a quick ratio of 0.97 and a debt-to-equity ratio of 36.37.

Insider Activity

In other news, insider Bamdad Bastani sold 500,000 shares of the stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of GBX 46, for a total value of £230,000. 4.63% of the stock is owned by company insiders.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 60 target price on shares of IQE in a research report on Wednesday, May 27th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of GBX 60.

About IQE

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