IQE (LON:IQE) Shares Down 10.6% – Here’s Why

IQE plc (LON:IQEGet 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%

The business’s 50 day simple moving average is GBX 47.47 and its 200-day simple moving average is GBX 28.04. The company has a debt-to-equity ratio of 102.23, a quick ratio of 0.97 and a current ratio of 0.76. The company has a market cap of £588.70 million, a price-to-earnings ratio of -11.90, a price-to-earnings-growth ratio of 12.70 and a beta of 2.25.

IQE (LON:IQEGet 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

(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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