IQE (LON:IQE) Trading Up 18.3% – Here’s What Happened

Shares of IQE plc (LON:IQEGet Free Report) shot up 18.3% during mid-day trading on Friday . The stock traded as high as GBX 15.98 ($0.20) and last traded at GBX 15.62 ($0.19). 20,350,523 shares traded hands during mid-day trading, an increase of 500% from the average session volume of 3,390,145 shares. The stock had previously closed at GBX 13.20 ($0.16).

IQE Trading Up 17.4 %

The company has a 50 day simple moving average of GBX 11.49 and a 200 day simple moving average of GBX 18.65. The company has a current ratio of 1.37, a quick ratio of 0.97 and a debt-to-equity ratio of 49.21. The stock has a market capitalization of £149.87 million, a PE ratio of -775.00, a P/E/G ratio of 12.70 and a beta of 1.86.

About IQE

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

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