IQE (LON:IQE) Insider Bamdad Bastani Sells 500,000 Shares

IQE plc (LON:IQEGet Free Report) 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.

IQE Stock Performance

IQE traded down GBX 0.99 during trading on Wednesday, hitting GBX 43.80. 29,881,068 shares of the company traded hands, compared to its average volume of 32,859,488. The firm has a market cap of £583.06 million, a P/E ratio of -11.62, a price-to-earnings-growth ratio of 12.70 and a beta of 2.24. The stock’s fifty day moving average is GBX 45.68 and its 200 day moving average is GBX 33.73. The company has a quick ratio of 0.97, a current ratio of 0.76 and a debt-to-equity ratio of 102.23. IQE plc has a one year low of GBX 4.66 and a one year high of GBX 72.90.

IQE (LON:IQEGet Free Report) last posted its quarterly earnings data on Thursday, May 28th. The company reported GBX (2.82) earnings per share (EPS) for the quarter. The company had revenue of GBX 9,730 million for the quarter. IQE had a negative return on equity of 37.49% and a negative net margin of 37.71%. As a group, equities analysts predict that IQE plc will post 0.37 EPS for the current fiscal year.

Analyst Ratings Changes

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

Check Out Our Latest Analysis on IQE

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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