IQE (LON:IQE) Shares Down 8.1% - Should You Sell?

Key Points

• Shares fell 8.1% on Thursday to GBX 24.68 (intraday low GBX 23.25) from a prior close of GBX 26.85, on heavy trading of 26,432,006 shares—about 30% above average volume.
• The company has a market capitalization of £232.02 million and a negative P/E (-4.67), with a high debt-to-equity ratio (81.86) and modest liquidity (current ratio 1.17, quick ratio 0.97), indicating stretched fundamentals.
• IQE is a leading supplier of compound semiconductor wafer products and advanced material solutions, so its performance is closely tied to demand in the semiconductor industry.

IQE plc (LON:IQE - )'s share price traded down 8.1% during trading on Thursday . The stock traded as low as GBX 23.25 and last traded at GBX 24.68. 26,432,006 shares were traded during trading, an increase of 30% from the average session volume of 20,397,357 shares. The stock had previously closed at GBX 26.85.

IQE Price Performance

The business has a fifty day moving average price of GBX 9.70 and a 200 day moving average price of GBX 7.66. The company has a market capitalization of £232.02 million, a price-to-earnings ratio of -4.67, a price-to-earnings-growth ratio of 12.70 and a beta of 1.88. The company has a debt-to-equity ratio of 81.86, a current ratio of 1.17 and a quick ratio of 0.97.

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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