IQE (LON:IQE) Shares Down 7.6% - Time to Sell?

Key Points

• IQE plc shares fell 7.6% during trading, reaching a low of GBX 7.55 ($0.10) after closing at GBX 8.60 ($0.12).
• Trading volume increased significantly to approximately 39.99 million shares, a rise of 1,217% from the average daily volume.
• The company has a market capitalization of £76.54 million and a negative P/E ratio of -198.99, indicating potential financial instability.

IQE plc (LON:IQE - ) dropped 7.6% during trading on Monday . The stock traded as low as GBX 7.55 ($0.10) and last traded at GBX 7.95 ($0.11). Approximately 39,994,316 shares traded hands during mid-day trading, an increase of 1,217% from the average daily volume of 3,036,858 shares. The stock had previously closed at GBX 8.60 ($0.12).

IQE Trading Down 8.4%

The company has a debt-to-equity ratio of 49.21, a quick ratio of 0.97 and a current ratio of 1.37. The company has a 50-day simple moving average of GBX 9.52 and a 200 day simple moving average of GBX 10.44. The company has a market capitalization of £76.54 million, a P/E ratio of -198.99, a P/E/G ratio of 12.70 and a beta of 1.86.

IQE Company Profile

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

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