IQE plc (LON:IQE – Get Free Report)’s share price dropped 8.8% on Thursday . The company traded as low as GBX 50.20 and last traded at GBX 51. 29,871,977 shares traded hands during trading, a decline of 18% from the average daily volume of 36,291,910 shares. The stock had previously closed at GBX 55.90.
Wall Street Analyst Weigh In
Separately, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 60 price objective 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 MarketBeat, IQE has a consensus rating of “Buy” and a consensus target price of GBX 60.
Read Our Latest Analysis on IQE
IQE Stock Performance
IQE (LON:IQE – Get Free Report) last posted its quarterly earnings results on Thursday, May 28th. The company reported GBX (2.82) earnings per share for the quarter. The firm had revenue of GBX 9,730 million for the quarter. IQE had a negative return on equity of 37.49% and a negative net margin of 37.71%. Equities research analysts predict that IQE plc will post 0.37 earnings per share 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.
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