IQE plc (LON:IQE – Get Free Report)’s share price shot up 11.6% during mid-day trading on Monday . The company traded as high as GBX 57.80 and last traded at GBX 56.70. 72,533,297 shares traded hands during mid-day trading, an increase of 99% from the average session volume of 36,433,000 shares. The stock had previously closed at GBX 50.80.
Analysts Set New Price Targets
Separately, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 60 price target on shares of IQE in a research report on Wednesday, May 27th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of GBX 60.
IQE Price Performance
IQE (LON:IQE – Get Free Report) last released its quarterly earnings data on Thursday, May 28th. The company reported GBX (2.82) earnings per share for the quarter. IQE had a negative net margin of 37.71% and a negative return on equity of 37.49%. The firm had revenue of GBX 9,730 million during the quarter. As a group, research analysts predict that IQE plc will post 0.37 EPS for the current year.
About IQE
IQE is the leading supplier of compound semiconductor wafer products and advanced material solutions to the global semiconductor industry.
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