IQE (LON:IQE) Announces Quarterly Earnings Results

IQE (LON:IQE) issued 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 return on equity of 37.49% and a negative net margin of 37.71%.

IQE Stock Performance

Shares of LON:IQE traded up GBX 1.45 during midday trading on Monday, reaching GBX 48.90. The company’s stock had a trading volume of 50,900,465 shares, compared to its average volume of 31,032,934. The firm has a market capitalization of £650.90 million, a PE ratio of -12.97, a P/E/G ratio of 12.70 and a beta of 2.21. IQE has a twelve month low of GBX 4.66 and a twelve month high of GBX 72.90. The stock has a fifty day moving average of GBX 44.35 and a 200 day moving average of GBX 39.94. The company has a quick ratio of 0.97, a current ratio of 0.76 and a debt-to-equity ratio of 102.23.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other news, insider Bamdad Bastani sold 500,000 shares of the business’s stock in a transaction dated 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.

About IQE

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