IQE (LON:IQE) Trading Down 14.9% – Here’s What Happened

Shares of IQE plc (LON:IQE) were down 14.9% during trading on Tuesday . The stock traded as low as GBX 38.05 and last traded at GBX 40.35. 28,398,869 shares changed hands during trading, a decline of 15% from the average daily volume of 33,230,078 shares. The stock had previously closed at GBX 47.40.

Analysts Set New Price Targets

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

IQE Stock Down 14.9%

The company has a market cap of £537.07 million, a price-to-earnings ratio of -10.70, a PEG ratio of 12.70 and a beta of 2.24. 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 business has a fifty day moving average of GBX 45.90 and a two-hundred day moving average of GBX 32.35.

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

About IQE

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