IQE (LON:IQE) Posts Quarterly Earnings Results

IQE (LON:IQE) posted its quarterly earnings data 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 37.49% and a negative net margin of 37.71%.

IQE Price Performance

IQE traded up GBX 1.43 during trading on Monday, reaching GBX 48.88. 22,955,781 shares of the company were exchanged, compared to its average volume of 30,870,465. The company’s 50-day moving average is GBX 44.39 and its two-hundred day moving average is GBX 40.21. The company has a market cap of £650.64 million, a price-to-earnings ratio of -12.97, a P/E/G ratio of 12.70 and a beta of 2.21. 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.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other IQE news, insider Bamdad Bastani sold 500,000 shares of IQE 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.