IQE (LON:IQE) Trading Up 11.7% – Time to Buy?

Shares of IQE plc (LON:IQE) were up 11.7% during mid-day trading on Friday . The stock traded as high as GBX 11.72 ($0.15) and last traded at GBX 11.71 ($0.15). Approximately 3,488,743 shares were traded during mid-day trading, a decline of 3% from the average daily volume of 3,596,818 shares. The stock had previously closed at GBX 10.48 ($0.13).

IQE Trading Up 12.0 %

The company has a 50 day moving average of GBX 14.96 and a 200-day moving average of GBX 24.67. The stock has a market cap of £113.51 million, a price-to-earnings ratio of -587.00, 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 quick ratio of 0.97 and a current ratio of 1.37.

IQE Company Profile

IQE plc, together with its subsidiaries, develops, manufactures, and sells advanced semiconductor materials. It operates through three segments: Wireless, Photonics, and CMOS++. The company manufactures and sells compound semiconductor materials for the wireless market which includes radio frequency devices for wireless communications, and photonics market, that includes applications that transmit and sense visible and infrared lights, as well as advanced semiconductor materials related to silicon.