IQE (LON:IQE) Stock Price Up 11.7% – Time to Buy?

IQE plc (LON:IQE) shares shot up 11.7% during mid-day trading on Friday . The company traded as high as GBX 11.72 ($0.15) and last traded at GBX 11.71 ($0.15). 3,488,743 shares changed hands during mid-day trading, a decline of 3% from the average session volume of 3,596,818 shares. The stock had previously closed at GBX 10.48 ($0.13).

IQE Price Performance

The business’s 50-day simple moving average is GBX 15.12 and its 200 day simple moving average is GBX 24.78. The company has a current ratio of 1.37, a quick ratio of 0.97 and a debt-to-equity ratio of 49.21. The company has a market capitalization of £113.51 million, a P/E ratio of -558.60, a P/E/G ratio of 12.70 and a beta of 1.86.

About IQE

IQE plc, together with its subsidiaries, develops, manufactures, and sells advanced semiconductor materials. It operates through three segments: Wireless, Photonics, and CMOS++. The company manufactures and sells compound semiconductor materials for the wireless market which includes radio frequency devices for wireless communications, and photonics market, that includes applications that transmit and sense visible and infrared lights, as well as advanced semiconductor materials related to silicon.