IQE (LON:IQE) Issues Quarterly Earnings Results

IQE (LON:IQE) announced its quarterly earnings results on Monday. The company reported GBX (0.82) 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 Stock Performance

Shares of IQE stock traded up GBX 1.43 on Monday, hitting GBX 48.88. The stock had a trading volume of 22,955,781 shares, compared to its average volume of 30,870,465. IQE has a 52-week low of GBX 4.66 and a 52-week high of GBX 72.90. The company has a current ratio of 0.76, a quick ratio of 0.97 and a debt-to-equity ratio of 102.23. The stock has a market cap of £650.64 million, a price-to-earnings ratio of -12.97, a P/E/G ratio of 12.70 and a beta of 2.21. The company’s 50 day moving average price is GBX 44.35 and its 200 day moving average price is GBX 39.94.

Insider Transactions at IQE

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

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft restated 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, Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of GBX 60.

About IQE

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