IQE (LON:IQE) Announces Earnings Results

IQE (LON:IQE) posted its earnings results 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 Stock Performance

Shares of IQE opened at GBX 46.75 on Monday. The company has a quick ratio of 0.97, a current ratio of 0.76 and a debt-to-equity ratio of 102.23. IQE has a 12 month low of GBX 4.66 and a 12 month high of GBX 72.90. The company’s fifty day moving average is GBX 44.35 and its 200-day moving average is GBX 39.94. The firm has a market cap of £622.29 million, a price-to-earnings ratio of -12.40, a price-to-earnings-growth ratio of 12.70 and a beta of 2.21.

Analyst Ratings Changes

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

Insider Buying and Selling

In other IQE news, insider Bamdad Bastani sold 500,000 shares of the firm’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. 4.63% of the stock is owned by insiders.

About IQE

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