IQE (LON:IQE) Posts Earnings Results

IQE (LON:IQE) announced its earnings results on Monday. The company reported GBX (0.82) earnings per share (EPS) 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 Down 1.1%

IQE opened at GBX 46.95 on Monday. IQE has a twelve month low of GBX 4.66 and a twelve month high of GBX 72.90. The company has a 50-day simple moving average of GBX 44.35 and a 200 day simple moving average of GBX 39.94. The company has a quick ratio of 0.97, a current ratio of 0.76 and a debt-to-equity ratio of 102.23. The stock has a market capitalization of £624.95 million, a price-to-earnings ratio of -12.45, a P/E/G ratio of 12.70 and a beta of 2.21.

Analysts Set New Price Targets

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

Insider Buying and Selling

In other news, insider Bamdad Bastani sold 500,000 shares of the business’s 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 corporate insiders.

About IQE

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