IQE (LON:IQE) Shares Climb 11.2% – Should You Buy?

IQE plc (LON:IQE)’s share price rose 11.2% on Friday. The company traded as high as GBX 55.40 and last traded at GBX 54.80. Approximately 35,115,848 shares changed hands during mid-day trading, an increase of 20% from the average daily volume of 29,268,793 shares. The stock had previously closed at GBX 49.30.

IQE Trading Up 11.2%

The company has a 50 day moving average of GBX 45.45 and a two-hundred day moving average of GBX 43.51. The stock has a market capitalization of £729.44 million, a PE ratio of -14.54, a P/E/G ratio of 12.70 and a beta of 2.23. The company has a debt-to-equity ratio of 36.37, a quick ratio of 0.97 and a current ratio of 2.40.

IQE (LON:IQE) last released its quarterly earnings results on Monday, September 7th. The company reported GBX (0.82) EPS for the quarter. IQE had a negative net margin of 20.21% and a negative return on equity of 19.81%. Sell-side analysts predict that IQE plc will post 0.37 EPS for the current year.

Insider Activity

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 value of £230,000. 4.63% of the stock is currently 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.