IQE (LON:IQE) Shares Up 36.2% – Here’s What Happened

Shares of IQE plc (LON:IQEGet Free Report) rose 36.2% during mid-day trading on Monday . The stock traded as high as GBX 10.70 and last traded at GBX 10. Approximately 82,581,672 shares were traded during trading, an increase of 272% from the average daily volume of 22,229,174 shares. The stock had previously closed at GBX 7.34.

IQE News Summary

Here are the key news stories impacting IQE this week:

IQE Trading Up 36.2%

The business has a 50 day simple moving average of GBX 5.34 and a 200 day simple moving average of GBX 7.30. The company has a market cap of £97.83 million, a price-to-earnings ratio of -1.97, a price-to-earnings-growth ratio of 12.70 and a beta of 1.86. The company has a debt-to-equity ratio of 49.21, a current ratio of 1.37 and a quick ratio of 0.97.

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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