IQE (LON:IQE) Shares Up 17.4% – Here’s Why

IQE plc (LON:IQEGet Free Report) shot up 17.4% during mid-day trading on Saturday . The company traded as high as GBX 15.98 ($0.20) and last traded at GBX 15.50 ($0.19). 14,424,722 shares changed hands during mid-day trading, an increase of 374% from the average session volume of 3,041,568 shares. The stock had previously closed at GBX 13.20 ($0.16).

IQE Stock Performance

The firm has a market capitalization of £149.87 million, a price-to-earnings ratio of -775.00, a PEG 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. The firm’s fifty day moving average is GBX 11.64 and its 200 day moving average is GBX 18.38.

About IQE

(Get Free Report)

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

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