IQE (LON:IQE) Releases Quarterly Earnings Results

IQE (LON:IQE) announced its earnings results on Monday. The company reported GBX (0.82) earnings per share 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 0.6%

LON:IQE opened at GBX 47.75 on Monday. IQE has a 12 month low of GBX 4.66 and a 12 month high of GBX 72.90. The company has a current ratio of 0.76, a quick ratio of 0.97 and a debt-to-equity ratio of 102.23. The firm’s 50 day moving average is GBX 44.35 and its 200 day moving average is GBX 39.94. The stock has a market capitalization of £635.60 million, a PE ratio of -12.67, a price-to-earnings-growth ratio of 12.70 and a beta of 2.21.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

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

About IQE

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