IQE (LON:IQE) Shares Up 11.7% – Here’s What Happened

IQE plc (LON:IQE) shot up 11.7% during trading on Thursday . The stock traded as high as GBX 43.90 and last traded at GBX 43.90. 17,940,377 shares traded hands during trading, a decline of 50% from the average session volume of 36,055,355 shares. The stock had previously closed at GBX 39.30.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 60 price objective on shares of IQE in a report on Wednesday, May 27th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of GBX 60.

IQE Stock Performance

The company has a market cap of £576.23 million, a PE ratio of -11.64, a PEG ratio of 12.70 and a beta of 2.25. The company has a quick ratio of 0.97, a current ratio of 0.76 and a debt-to-equity ratio of 102.23. The company has a 50-day moving average of GBX 44.38 and a 200-day moving average of GBX 22.88.

IQE (LON:IQE) last announced its earnings results 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 net margin of 37.71% and a negative return on equity of 37.49%. As a group, analysts anticipate that IQE plc will post 0.37 earnings per share for the current year.

IQE Company Profile

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