IQE (LON:IQE) Shares Down 7.1% – What’s Next?

IQE plc (LON:IQE)’s share price dropped 7.1% on Wednesday . The stock traded as low as GBX 38.25 and last traded at GBX 38.50. Approximately 44,352,688 shares were traded during mid-day trading, an increase of 29% from the average daily volume of 34,371,977 shares. The stock had previously closed at GBX 41.45.

Analyst Ratings Changes

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

IQE Price Performance

The firm has a 50-day simple moving average of GBX 46.36 and a 200-day simple moving average of GBX 30.40. The firm has a market capitalization of £483.16 million, a PE ratio of -9.63, a PEG ratio of 12.70 and a beta of 2.24. The company has a debt-to-equity ratio of 102.23, a current ratio of 0.76 and a quick ratio of 0.97.

IQE (LON:IQE) last posted its quarterly earnings data on Thursday, May 28th. The company reported GBX (2.82) EPS for the quarter. The company had revenue of GBX 9,730 million during the quarter. IQE had a negative return on equity of 37.49% and a negative net margin of 37.71%. As a group, equities analysts forecast 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.