IQE (LON:IQE) Trading Up 11.2% – Still a Buy?

IQE plc (LON:IQE)’s stock price shot up 11.2% during trading on Monday . The company traded as high as GBX 53 and last traded at GBX 52.82. 51,523,137 shares changed hands during trading, an increase of 41% from the average session volume of 36,564,297 shares. The stock had previously closed at GBX 47.50.

Wall Street Analysts Forecast Growth

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

IQE Stock Performance

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 company has a market cap of £522.17 million, a P/E ratio of -10.49, a P/E/G ratio of 12.70 and a beta of 2.22. The stock’s fifty day moving average price is GBX 41.38 and its two-hundred day moving average price is GBX 20.83.

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

About IQE

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