IQE (LON:IQE) Issues Earnings Results

IQE (LON:IQE) posted 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 20.21% and a negative return on equity of 19.81%.

IQE Stock Up 0.2%

IQE stock traded up GBX 0.10 during mid-day trading on Wednesday, hitting GBX 48.05. 14,375,680 shares of the company were exchanged, compared to its average volume of 30,654,098. The company has a current ratio of 2.40, a quick ratio of 0.97 and a debt-to-equity ratio of 36.37. IQE has a twelve month low of GBX 4.66 and a twelve month high of GBX 72.90. The firm has a fifty day simple moving average of GBX 44.40 and a 200 day simple moving average of GBX 40.48. The company has a market capitalization of £639.59 million, a PE ratio of -12.75, a price-to-earnings-growth ratio of 12.70 and a beta of 2.23.

Insider Activity

In related 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. 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 target price on shares of IQE in a report on Wednesday, May 27th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average 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.