IQE (LON:IQE) Trading Up 30.5% – Here’s What Happened

IQE plc (LON:IQEGet Free Report) traded up 30.5% during trading on Tuesday . The company traded as high as GBX 47.10 and last traded at GBX 47.10. 37,654,422 shares were traded during mid-day trading, an increase of 12% from the average daily volume of 33,769,598 shares. The stock had previously closed at GBX 36.10.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 60 price objective on shares of IQE in a report on Wednesday, May 27th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of GBX 60.

View Our Latest Stock Report on IQE

IQE Stock Performance

The business has a 50-day moving average of GBX 45.73 and a two-hundred day moving average of GBX 31.45. The company has a debt-to-equity ratio of 102.23, a current ratio of 0.76 and a quick ratio of 0.97. The company has a market cap of £651.10 million, a P/E ratio of -12.98, a P/E/G ratio of 12.70 and a beta of 2.24.

IQE (LON:IQEGet Free Report) last announced its earnings results on Thursday, May 28th. The company reported GBX (2.82) EPS for the quarter. IQE had a negative return on equity of 37.49% and a negative net margin of 37.71%.The firm had revenue of GBX 9,730 million during the quarter. On average, sell-side analysts predict that IQE plc will post 0.37 EPS for the current fiscal year.

IQE Company Profile

(Get Free Report)

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

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