IQE (LON:IQE – Get Free Report) issued its quarterly earnings data on Thursday. The company reported GBX (2.82) earnings per share (EPS) for the quarter, Digital Look Earnings reports. IQE had a negative net margin of 50.52% and a negative return on equity of 40.92%. The business had revenue of GBX 9,730 million for the quarter.
IQE Price Performance
IQE stock opened at GBX 47.95 on Thursday. The business’s 50 day simple moving average is GBX 39.78 and its 200 day simple moving average is GBX 19.90. IQE has a 12 month low of GBX 4.66 and a 12 month high of GBX 72.90. The company has a market cap of £469.81 million, a price-to-earnings ratio of -9.44, a PEG ratio of 12.70 and a beta of 2.22. The company has a current ratio of 1.17, a quick ratio of 0.97 and a debt-to-equity ratio of 81.86.
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 research note on Wednesday. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, IQE presently has a consensus rating of “Buy” and a consensus price target of GBX 60.
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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