IQE (LON:IQE) Issues Earnings Results

IQE (LON:IQE) issued its quarterly 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 return on equity of 19.81% and a negative net margin of 20.21%.

IQE Price Performance

IQE stock traded down GBX 0.88 during mid-day trading on Friday, hitting GBX 44.72. The stock had a trading volume of 41,908,848 shares, compared to its average volume of 30,592,139. The firm has a fifty day simple moving average of GBX 44.46 and a 200 day simple moving average of GBX 41.01. The firm has a market capitalization of £595.29 million, a P/E ratio of -11.86, a P/E/G ratio of 12.70 and a beta of 2.23. The company has a current ratio of 2.40, a quick ratio of 0.97 and a debt-to-equity ratio of 36.37. IQE has a 52 week low of GBX 4.66 and a 52 week high of GBX 72.90.

Insider Buying and Selling at IQE

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

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 60 target price on shares of IQE in a research report on Wednesday, May 27th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, IQE currently has a consensus rating of “Buy” and an average target price of GBX 60.

IQE Company Profile

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