IQE (LON:IQE) Stock Price Down 8.9% – Here’s What Happened

IQE plc (LON:IQEGet Free Report) shares were down 8.9% on Thursday . The company traded as low as GBX 5.40 ($0.07) and last traded at GBX 5.41 ($0.07). Approximately 13,212,298 shares changed hands during mid-day trading, an increase of 292% from the average daily volume of 3,372,573 shares. The stock had previously closed at GBX 5.94 ($0.08).

IQE Stock Down 0.6%

The stock’s fifty day moving average is GBX 7.93 and its 200 day moving average is GBX 9.28. 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 company has a market capitalization of £49.76 million, a P/E ratio of -100.20, a price-to-earnings-growth ratio of 12.70 and a beta of 1.86.

IQE (LON:IQEGet Free Report) last posted its quarterly earnings results on Tuesday, September 23rd. The company reported GBX (1.60) EPS for the quarter. IQE had a negative net margin of 17.89% and a negative return on equity of 14.21%. Research analysts predict that IQE plc will post 0.37 EPS for the current fiscal year.

IQE Company Profile

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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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