IQE (LON:IQE) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

IQE plc (LON:IQE) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 35.33 and traded as high as GBX 49.20. IQE shares last traded at GBX 48.75, with a volume of 10,932,812 shares traded.

Analyst Ratings Changes

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

IQE Price Performance

The company has a debt-to-equity ratio of 102.23, a current ratio of 0.76 and a quick ratio of 0.97. The stock has a market capitalization of £619.60 million, a price-to-earnings ratio of -12.35, a price-to-earnings-growth ratio of 12.70 and a beta of 2.21. The company has a 50-day simple moving average of GBX 45.03 and a two-hundred day simple moving average of GBX 35.63.

IQE (LON:IQE) last announced its quarterly earnings results on Thursday, May 28th. The company reported GBX (2.82) earnings per share (EPS) for the quarter. The firm had revenue of GBX 9,730 million for the quarter. IQE had a negative net margin of 37.71% and a negative return on equity of 37.49%. On average, equities research analysts predict that IQE plc will post 0.37 earnings per share for the current year.

Insider Transactions at IQE

In other IQE news, insider Bamdad Bastani sold 500,000 shares of the business’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of GBX 46, for a total transaction of £230,000. 4.66% of the stock is owned by insiders.

IQE Company Profile

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