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 return on equity of 37.49% and a negative net margin of 37.71%.

IQE Stock Performance

IQE stock traded up GBX 1.15 on Monday, reaching GBX 48.60. 53,640,309 shares of the stock were exchanged, compared to its average volume of 31,048,863. The company has a current ratio of 0.76, a quick ratio of 0.97 and a debt-to-equity ratio of 102.23. 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 moving average price of GBX 44.35 and a two-hundred day moving average price of GBX 39.94. The stock has a market cap of £646.91 million, a PE ratio of -12.89, a PEG ratio of 12.70 and a beta of 2.21.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 60 target price on shares of IQE in a research report on Wednesday, May 27th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of GBX 60.

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 stock was sold at an average price of GBX 46, for a total transaction of £230,000. Corporate 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.