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

IQE plc (LON:IQEGet Free Report) was down 9.4% during mid-day trading 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 trading, a decline of 16% from the average daily volume of 21,355,688 shares. The stock had previously closed at GBX 9.

IQE Price Performance

The firm has a 50-day simple moving average of GBX 5.54 and a two-hundred day simple moving average of GBX 7.31. The company has a market capitalization of £79.73 million, a price-to-earnings ratio of -1.60, a P/E/G ratio of 12.70 and a beta of 1.86. The company has a current ratio of 1.37, a quick ratio of 0.97 and a debt-to-equity ratio of 49.21.

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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