IQE (LON:IQE) Shares Down 6.1% – What’s Next?

IQE plc (LON:IQE)’s stock price was down 6.1% during trading on Thursday . The stock traded as low as GBX 47 and last traded at GBX 50.70. Approximately 40,411,133 shares traded hands during trading, an increase of 12% from the average daily volume of 36,189,121 shares. The stock had previously closed at GBX 54.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 60 target price on shares of IQE in a research note on Wednesday. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of GBX 60.

IQE Stock Performance

The firm has a fifty day simple moving average of GBX 40.74 and a 200 day simple moving average of GBX 20.39. The company has a current ratio of 0.76, a quick ratio of 0.97 and a debt-to-equity ratio of 102.23. The stock has a market cap of £465.40 million, a price-to-earnings ratio of -9.35, a PEG ratio of 12.70 and a beta of 2.22.

IQE (LON:IQE) last posted its quarterly earnings results on Thursday, May 28th. The company reported GBX (2.82) EPS for the quarter. The firm had revenue of GBX 9,730 million during the quarter. IQE had a negative net margin of 37.71% and a negative return on equity of 37.49%. As a group, sell-side analysts expect that IQE plc will post 0.37 earnings per share for the current year.

About IQE

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