IQE (LON:IQE) Releases Quarterly Earnings Results

IQE (LON:IQE) announced its earnings results on Monday. The company reported GBX (0.82) earnings per share 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 Price Performance

IQE stock traded down GBX 1.20 during mid-day trading on Wednesday, reaching GBX 46.75. The company had a trading volume of 13,546,945 shares, compared to its average volume of 30,649,334. IQE has a fifty-two week low of GBX 4.66 and a fifty-two week 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. The company has a market cap of £622.29 million, a P/E ratio of -12.40, a P/E/G ratio of 12.70 and a beta of 2.23. The business has a fifty day simple moving average of GBX 44.40 and a 200 day simple moving average of GBX 40.48.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 60 target price on shares of IQE in a research note on Wednesday, May 27th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of GBX 60.

Insider Activity

In other news, insider Bamdad Bastani sold 500,000 shares of the stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of GBX 46, for a total value of £230,000. Company insiders own 4.63% of the company’s stock.

About IQE

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