IQE (LON:IQE) Shares Up 12.1% – Here’s Why

IQE plc (LON:IQEGet Free Report) shares traded up 12.1% during mid-day trading on Tuesday . The company traded as high as GBX 6.08 ($0.08) and last traded at GBX 5.93 ($0.08). 11,606,038 shares changed hands during mid-day trading, an increase of 235% from the average session volume of 3,462,637 shares. The stock had previously closed at GBX 5.29 ($0.07).

IQE Trading Down 2.8%

The company has a debt-to-equity ratio of 49.21, a current ratio of 1.37 and a quick ratio of 0.97. The company has a market capitalization of £65.59 million, a price-to-earnings ratio of -1.32, a price-to-earnings-growth ratio of 12.70 and a beta of 1.86. The business has a fifty day moving average price of GBX 7.73 and a 200 day moving average price of GBX 9.19.

IQE (LON:IQEGet Free Report) last announced 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%. On average, equities analysts expect that IQE plc will post 0.37 EPS 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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