IQE (LON:IQE) Trading 6.9% Higher – Time to Buy?

IQE plc (LON:IQEGet Free Report)’s share price shot up 6.9% during trading on Monday . The company traded as high as GBX 11.40 and last traded at GBX 11.20. 5,171,847 shares were traded during trading, a decline of 59% from the average session volume of 12,562,019 shares. The stock had previously closed at GBX 10.48.

IQE Trading Up 9.4%

The company’s fifty day moving average is GBX 7.37 and its two-hundred day moving average is GBX 7.08. The company has a quick ratio of 0.97, a current ratio of 1.37 and a debt-to-equity ratio of 49.21. The stock has a market cap of £112.11 million, a price-to-earnings ratio of -2.26, a PEG ratio of 12.70 and a beta of 1.86.

About IQE

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

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