IQE (LON:IQE) Shares Down 7% – Should You Sell?

IQE plc (LON:IQE – Get Free Report)’s share price fell 7% during trading on Thursday . The stock traded as low as GBX 43.40 and last traded at GBX 43.70. Approximately 80,487,094 shares changed hands during mid-day trading, an increase of 153% from the average daily volume of 31,849,924 shares. The stock had previously closed at GBX 47.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 60 target price on shares of IQE in a research report on Wednesday, May 27th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of GBX 60.

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IQE Stock Down 7.0%

The firm has a fifty day moving average of GBX 45.48 and a 200-day moving average of GBX 36.77. The firm has a market cap of £581.66 million, a P/E ratio of -11.59, a price-to-earnings-growth ratio of 12.70 and a beta of 2.21. The company has a quick ratio of 0.97, a current ratio of 0.76 and a debt-to-equity ratio of 102.23.

IQE (LON:IQE – Get Free Report) last posted its earnings results on Thursday, May 28th. The company reported GBX (2.82) earnings per share for the quarter. The business had revenue of GBX 9,730 million for the quarter. IQE had a negative return on equity of 37.49% and a negative net margin of 37.71%. On average, equities research analysts anticipate that IQE plc will post 0.37 earnings per share for the current year.

Insider Activity

In other news, insider Bamdad Bastani sold 500,000 shares of IQE stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of GBX 46, for a total transaction of £230,000. Insiders own 4.66% of the company’s stock.

IQE Company Profile

(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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