IQE (LON:IQE) Share Price Crosses Above 200 Day Moving Average – What’s Next?

IQE plc (LON:IQE) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 22.88 and traded as high as GBX 40.55. IQE shares last traded at GBX 39.30, with a volume of 25,227,090 shares trading hands.

Wall Street Analyst Weigh In

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

IQE Stock Performance

The firm’s 50-day moving average price is GBX 44.38 and its 200-day moving average price is GBX 22.88. The company has a quick ratio of 0.97, a current ratio of 0.76 and a debt-to-equity ratio of 102.23. The company has a market cap of £515.85 million, a P/E ratio of -10.42, a price-to-earnings-growth ratio of 12.70 and a beta of 2.25.

IQE (LON:IQE) last posted its earnings results on Thursday, May 28th. The company reported GBX (2.82) earnings per share for the quarter. The firm had revenue of GBX 9,730 million for the quarter. IQE had a negative return on equity of 37.49% and a negative net margin of 37.71%. As a group, equities research analysts expect 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.