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

Shares of IQE plc (LON:IQE) fell 9.4% on Thursday . The stock traded as low as GBX 8.15 and last traded at GBX 8.15. 18,015,104 shares changed hands during trading, a decline of 16% from the average session volume of 21,355,688 shares. The stock had previously closed at GBX 9.

Key Headlines Impacting IQE

Here are the key news stories impacting IQE this week:

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IQE Stock Performance

The company has a quick ratio of 0.97, a current ratio of 1.37 and a debt-to-equity ratio of 49.21. The company has a market capitalization of £76.79 million, a PE ratio of -1.55, a PEG ratio of 12.70 and a beta of 1.86. The business has a 50 day simple moving average of GBX 5.59 and a 200 day simple moving average of GBX 7.30.

IQE Company Profile

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