IQE (LON:IQE) Issues Quarterly Earnings Results

IQE (LON:IQE) announced its quarterly earnings results on Monday. The company reported GBX (0.82) EPS for the quarter, Digital Look Earnings reports. IQE had a negative return on equity of 37.49% and a negative net margin of 37.71%.

IQE Trading Up 3.0%

IQE traded up GBX 1.43 during mid-day trading on Monday, hitting GBX 48.88. The stock had a trading volume of 22,955,781 shares, compared to its average volume of 30,870,465. The stock’s fifty day simple moving average is GBX 44.39 and its 200-day simple moving average is GBX 40.21. The firm has a market capitalization of £650.64 million, a price-to-earnings ratio of -12.97, a price-to-earnings-growth ratio of 12.70 and a beta of 2.23. IQE has a 1-year low of GBX 4.66 and a 1-year high of GBX 72.90. The company has a debt-to-equity ratio of 102.23, a current ratio of 0.76 and a quick ratio of 0.97.

Analyst Ratings Changes

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 analyst has rated the stock with a Buy rating, According to MarketBeat.com, IQE currently has a consensus rating of “Buy” and a consensus target price of GBX 60.

Insider Activity

In other 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 company insiders.

IQE Company Profile

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