IQE (LON:IQE) Releases Earnings Results

IQE (LON:IQE) released its quarterly earnings data on Monday. The company reported GBX (0.82) earnings per share 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 Up 3.0%

IQE traded up GBX 1.43 on Monday, hitting GBX 48.88. 22,955,781 shares of the company were exchanged, compared to its average volume of 30,870,465. The stock’s fifty day moving average is GBX 44.39 and its 200-day moving average is GBX 40.21. IQE has a 12 month low of GBX 4.66 and a 12 month high of GBX 72.90. The company has a debt-to-equity ratio of 102.23, a quick ratio of 0.97 and a current ratio of 0.76. The company has a market cap of £650.64 million, a PE ratio of -12.97, a PEG ratio of 12.70 and a beta of 2.23.

Insider Activity at IQE

In other news, insider Bamdad Bastani sold 500,000 shares of the business’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of GBX 46, for a total transaction of £230,000. Insiders own 4.63% of the company’s stock.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 60 price objective on shares of IQE in a report on Wednesday, May 27th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, IQE presently has an average rating of “Buy” and an average price target 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.