IQE (LON:IQE) Releases Quarterly Earnings Results

IQE (LON:IQE) issued its quarterly earnings results on Monday. The company reported GBX (0.82) EPS for the quarter, Digital Look Earnings reports. IQE had a negative return on equity of 37.49% and a negative net margin of 37.71%.

IQE Trading Down 3.7%

LON:IQE opened at GBX 47.20 on Tuesday. IQE has a 52 week low of GBX 4.66 and a 52 week high of GBX 72.90. The company has a debt-to-equity ratio of 102.23, a quick ratio of 0.97 and a current ratio of 0.76. The firm’s fifty day moving average is GBX 44.39 and its 200-day moving average is GBX 40.21. The firm has a market cap of £628.27 million, a P/E ratio of -12.52, a P/E/G ratio of 12.70 and a beta of 2.23.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 60 target price on shares of IQE in a research report on Wednesday, May 27th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of GBX 60.

Insiders Place Their Bets

In related news, insider Bamdad Bastani sold 500,000 shares of the business’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of GBX 46, for a total value of £230,000. 4.63% of the stock is owned by corporate insiders.

IQE Company Profile

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