IQE (LON:IQE) Trading Up 11.4% – Still a Buy?

IQE plc (LON:IQE) shot up 11.4% on Thursday . The stock traded as high as GBX 11.44 ($0.15) and last traded at GBX 11.10 ($0.15). 11,298,786 shares changed hands during trading, an increase of 264% from the average session volume of 3,103,313 shares. The stock had previously closed at GBX 9.96 ($0.13).

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 20 ($0.27) price target on shares of IQE in a report on Thursday, February 13th.

IQE Trading Down 2.3%

The stock has a fifty day moving average of GBX 10.53 and a 200 day moving average of GBX 11.86. The company has a market capitalization of £107.39 million, a P/E ratio of -4.61, a PEG ratio of 12.70 and a beta of 1.86. The company has a debt-to-equity ratio of 49.21, a quick ratio of 0.97 and a current ratio of 1.37.

IQE (LON:IQE) last announced its earnings results on Tuesday, May 13th. The company reported GBX (2.46) (($0.03)) EPS for the quarter. IQE had a negative return on equity of 14.21% and a negative net margin of 17.89%. As a group, equities research analysts anticipate that IQE plc will post 0.37 EPS for the current fiscal year.

IQE Company Profile

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