Bamdad Bastani Sells 500,000 Shares of IQE (LON:IQE) Stock

IQE plc (LON:IQE) insider Bamdad Bastani sold 500,000 shares of the business’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of GBX 46, for a total transaction of £230,000.

IQE Stock Performance

Shares of LON:IQE traded down GBX 0.99 during trading on Wednesday, hitting GBX 43.80. 29,881,068 shares of the company were exchanged, compared to its average volume of 32,859,488. The company has a market cap of £583.06 million, a PE ratio of -11.62, a P/E/G ratio of 12.70 and a beta of 2.24. The stock has a 50 day moving average of GBX 45.68 and a 200 day moving average of GBX 33.73. IQE plc has a 52-week low of GBX 4.66 and a 52-week high of GBX 72.90. The company has a debt-to-equity ratio of 102.23, a current ratio of 0.76 and a quick ratio of 0.97.

IQE (LON:IQE) last released its quarterly earnings data on Thursday, May 28th. The company reported GBX (2.82) earnings per share (EPS) for the quarter. The company had revenue of GBX 9,730 million for the quarter. IQE had a negative net margin of 37.71% and a negative return on equity of 37.49%. As a group, equities research analysts predict that IQE plc will post 0.37 EPS for the current year.

Analysts Set New Price Targets

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

IQE Company Profile

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