IQE (LON:IQE) Trading Up 11.2% – Still a Buy?

IQE plc (LON:IQE)’s stock price traded up 11.2% during trading on Monday . The company traded as high as GBX 53 and last traded at GBX 52.82. 51,523,137 shares were traded during trading, an increase of 41% from the average session volume of 36,564,297 shares. The stock had previously closed at GBX 47.50.

Wall Street Analysts Forecast Growth

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

IQE Trading Up 11.2%

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 company has a market capitalization of £517.49 million, a price-to-earnings ratio of -10.40, a P/E/G ratio of 12.70 and a beta of 2.22. The business’s 50-day simple moving average is GBX 40.74 and its 200-day simple moving average is GBX 20.49.

IQE (LON:IQE) last released its earnings results on Thursday, May 28th. The company reported GBX (2.82) earnings per share (EPS) for the quarter. IQE had a negative net margin of 37.71% and a negative return on equity of 37.49%. The business had revenue of GBX 9,730 million for the quarter. On average, research analysts expect 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.