IQE (LON:IQE) Stock Price Down 9.4% – Here’s What Happened

IQE plc (LON:IQE)’s share price was down 9.4% on Thursday . The company traded as low as GBX 8.15 and last traded at GBX 8.15. Approximately 18,015,104 shares changed hands during mid-day trading, a decline of 16% from the average daily volume of 21,355,688 shares. The stock had previously closed at GBX 9.

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IQE Stock Down 3.7%

The firm has a market cap of £76.79 million, a PE ratio of -1.55, a price-to-earnings-growth ratio of 12.70 and a beta of 1.86. The company has a 50-day simple moving average of GBX 5.59 and a 200-day simple moving average of GBX 7.28. The company has a debt-to-equity ratio of 49.21, a current ratio of 1.37 and a quick ratio of 0.97.

About IQE

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