IQE plc (LON:IQE – Get Free Report)’s stock price fell 10.6% on Thursday . The stock traded as low as GBX 41.70 and last traded at GBX 42. 70,895,844 shares changed hands during trading, an increase of 97% from the average session volume of 35,927,621 shares. The stock had previously closed at GBX 47.
Analyst Upgrades and Downgrades
Separately, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 60 target price on shares of IQE in a report on Wednesday, May 27th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, IQE presently has an average rating of “Buy” and an average target price of GBX 60.
View Our Latest Stock Report on IQE
IQE Stock Up 6.8%
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. IQE had a negative return on equity of 37.49% and a negative net margin of 37.71%.The company had revenue of GBX 9,730 million during the quarter. Sell-side analysts expect that IQE plc will post 0.37 earnings per share 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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