IQE (LON:IQE) Releases Earnings Results

IQE (LON:IQE) released its quarterly earnings data on Monday. The company reported GBX (0.82) earnings per share 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 LON:IQE traded up GBX 1.43 on Monday, hitting GBX 48.88. 22,955,781 shares of the company were exchanged, compared to its average volume of 30,870,465. IQE has a one year low of GBX 4.66 and a one year high of GBX 72.90. 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 firm has a market capitalization of £650.64 million, a price-to-earnings ratio of -12.97, a PEG ratio of 12.70 and a beta of 2.21. The company’s 50 day moving average price is GBX 44.35 and its two-hundred day moving average price is GBX 39.94.

Insider Transactions at IQE

In other IQE news, insider Bamdad Bastani sold 500,000 shares of the company’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. 4.63% of the stock is owned by company insiders.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued 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 MarketBeat, IQE currently has an average rating of “Buy” and a consensus target price of GBX 60.

About IQE

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