IQE (LON:IQE) Share Price Breaks Above Two Hundred Day Moving Average – Should You Sell?

IQE plc (LON:IQE) shares crossed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of GBX 36.64 and traded as high as GBX 37.35. IQE shares last traded at GBX 37.05, with a volume of 198,909,547 shares.

IQE Stock Up 4.6%

The company has a quick ratio of 0.97, a current ratio of 2.40 and a debt-to-equity ratio of 36.37. The stock has a 50 day simple moving average of GBX 44.92 and a 200 day simple moving average of GBX 36.80. The stock has a market cap of £518.47 million, a price-to-earnings ratio of -12.25, a PEG ratio of 12.70 and a beta of 2.23.

IQE (LON:IQE) last released its quarterly earnings data 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%. As a group, analysts expect that IQE plc will post 0.37 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Robert Dennehy bought 31,183 shares of the company’s stock in a transaction that occurred on Tuesday, October 20th. The shares were bought at an average price of GBX 39 per share, for a total transaction of £12,161.37. Also, insider Bamdad Bastani sold 500,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of GBX 46, for a total transaction of £230,000. Insiders own 4.62% 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.