IQE (LON:IQE) Trading Up 11.2% – Still a Buy?

IQE plc (LON:IQE)’s share price traded up 11.2% during mid-day trading on Monday . The stock traded as high as GBX 53 and last traded at GBX 52.82. 51,523,137 shares were traded during mid-day trading, an increase of 41% from the average session volume of 36,564,297 shares. The stock had previously closed at GBX 47.50.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 60 price target on shares of IQE in a report on Wednesday, May 27th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of GBX 60.

IQE Trading Up 11.2%

The company’s fifty day moving average price is GBX 40.74 and its two-hundred day moving average price is GBX 20.49. The company has a current ratio of 0.76, a quick ratio of 0.97 and a debt-to-equity ratio of 102.23. The firm has a market cap of £517.49 million, a P/E ratio of -10.40, a price-to-earnings-growth ratio of 12.70 and a beta of 2.22.

IQE (LON:IQE) last issued its quarterly earnings data 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 for the quarter. As a group, sell-side analysts predict that IQE plc will post 0.37 EPS for the current fiscal year.

IQE Company Profile

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