IQE (LON:IQE) Trading Up 11.6% – Still a Buy?

IQE plc (LON:IQE)’s share price rose 11.6% during mid-day trading on Monday . The stock traded as high as GBX 57.80 and last traded at GBX 56.70. Approximately 72,533,297 shares were traded during trading, an increase of 99% from the average session volume of 36,433,000 shares. The stock had previously closed at GBX 50.80.

Analyst Upgrades and Downgrades

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 investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of GBX 60.

IQE Trading Up 3.2%

The stock has a fifty day moving average of GBX 48.88 and a two-hundred day moving average of GBX 25.85. The company has a market capitalization of £674.67 million, a PE ratio of -13.63, a PEG ratio of 12.70 and a beta of 2.25. The company has a current ratio of 0.76, a quick ratio of 0.97 and a debt-to-equity ratio of 102.23.

IQE (LON:IQE) last issued its earnings results on Thursday, May 28th. The company reported GBX (2.82) earnings per share (EPS) for the quarter. IQE had a negative return on equity of 37.49% and a negative net margin of 37.71%.The firm had revenue of GBX 9,730 million during the quarter. As a group, sell-side analysts anticipate that IQE plc will post 0.37 earnings per share 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.