IQE (LON:IQE) Posts Quarterly Earnings Results

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

IQE Price Performance

Shares of IQE stock opened at GBX 47.55 on Monday. The stock has a market capitalization of £632.93 million, a P/E ratio of -12.61, a PEG ratio of 12.70 and a beta of 2.21. The business has a 50 day simple moving average of GBX 44.35 and a two-hundred day simple moving average of GBX 39.94. IQE has a 12 month low of GBX 4.66 and a 12 month high of GBX 72.90. The company has a debt-to-equity ratio of 102.23, a current ratio of 0.76 and a quick ratio of 0.97.

Insider Activity at IQE

In other IQE news, insider Bamdad Bastani sold 500,000 shares of the firm’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of GBX 46, for a total value of £230,000. Insiders own 4.63% of the company’s stock.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft reaffirmed 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, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of GBX 60.

IQE Company Profile

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