IQE (LON:IQE) Trading Down 9.4% – Here’s Why

IQE plc (LON:IQEGet Free Report) shares were 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.

IQE Stock Down 9.4%

The company has a market capitalization of £79.73 million, a price-to-earnings ratio of -1.60, a price-to-earnings-growth 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. The firm’s fifty day simple moving average is GBX 5.49 and its two-hundred day simple moving average is GBX 7.31.

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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