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

IQE plc (LON:IQE)’s share price shot 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). 3,488,743 shares were traded during trading, a decline of 3% from the average session volume of 3,596,818 shares. The stock had previously closed at GBX 10.48 ($0.13).

IQE Stock Performance

The company has a debt-to-equity ratio of 49.21, a quick ratio of 0.97 and a current ratio of 1.37. The company has a market capitalization of £113.51 million, a PE ratio of -558.60, a price-to-earnings-growth ratio of 12.70 and a beta of 1.86. The stock’s fifty day simple moving average is GBX 15.12 and its 200-day simple moving average is GBX 24.78.

About IQE

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.