IQE (LON:IQE) Releases Quarterly Earnings Results

IQE (LON:IQE) announced its quarterly earnings data on Monday. The company reported GBX (0.82) earnings per share (EPS) 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 Trading Up 0.2%

Shares of IQE stock opened at GBX 47.55 on Monday. IQE has a 1-year low of GBX 4.66 and a 1-year high of GBX 72.90. The firm has a market cap of £632.93 million, a PE ratio of -12.61, a price-to-earnings-growth ratio of 12.70 and a beta of 2.21. The company has a 50-day moving average of GBX 44.35 and a two-hundred day moving average of GBX 39.94. The company has a debt-to-equity ratio of 102.23, a current ratio of 0.76 and a quick ratio of 0.97.

Insider Buying and Selling at IQE

In related news, insider Bamdad Bastani sold 500,000 shares of IQE stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of GBX 46, for a total value of £230,000. Insiders own 4.63% of the company’s stock.

Wall Street Analysts Forecast Growth

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