IQE plc (LON:IQE – Get Free Report)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 33.73 and traded as high as GBX 46.45. IQE shares last traded at GBX 45.81, with a volume of 132,630,297 shares changing hands.
Analyst Ratings Changes
Separately, Deutsche Bank Aktiengesellschaft restated 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 price target of GBX 60.
Read Our Latest Stock Analysis on IQE
IQE Stock Performance
IQE (LON:IQE – Get 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 company had revenue of GBX 9,730 million during the quarter. On average, research analysts forecast that IQE plc will post 0.37 EPS for the current fiscal year.
Insider Activity
In other news, insider Bamdad Bastani sold 500,000 shares of IQE stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of GBX 46, for a total value of £230,000. Corporate insiders own 4.66% of the company’s stock.
IQE Company Profile
IQE is the leading supplier of compound semiconductor wafer products and advanced material solutions to the global semiconductor industry.
Featured Stories
- Five stocks we like better than IQE
- Sandisk Just Delivered a Blowout Quarter—Here’s Why the Stock Is Falling
- 4 Oil and Gas ETF Plays as Prices Stay Sky-High
- What Tesla Stands to Lose If It Walks Away From China
- Disney Sets Up for a Magical Year in 2027
Receive News & Ratings for IQE Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IQE and related companies with MarketBeat.com's FREE daily email newsletter.
