IQE (LON:IQE) Trading Up 30.5% – Should You Buy?

IQE plc (LON:IQE) shares shot up 30.5% during trading on Tuesday . The stock traded as high as GBX 47.10 and last traded at GBX 47.10. Approximately 37,654,422 shares were traded during trading, an increase of 12% from the average session volume of 33,769,598 shares. The stock had previously closed at GBX 36.10.

Analysts Set New Price Targets

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

IQE Stock Performance

The company has a market cap of £626.92 million, a PE ratio of -12.49, a PEG ratio of 12.70 and a beta of 2.24. The company has a debt-to-equity ratio of 102.23, a quick ratio of 0.97 and a current ratio of 0.76. The firm’s 50 day moving average is GBX 45.84 and its 200-day moving average is GBX 30.85.

IQE (LON:IQE) last released its quarterly earnings data on Thursday, May 28th. The company reported GBX (2.82) EPS for the quarter. The business had revenue of GBX 9,730 million during the quarter. IQE had a negative net margin of 37.71% and a negative return on equity of 37.49%. On average, research analysts anticipate that IQE plc will post 0.37 earnings per share for the current fiscal year.

About IQE

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