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

Shares of IQE plc (LON:IQE) dropped 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.

Key Stories Impacting IQE

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IQE Trading Down 3.7%

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 P/E ratio of -1.55, a price-to-earnings-growth ratio of 12.70 and a beta of 1.86. The business has a fifty day moving average price of GBX 5.59 and a 200 day moving average price 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.