IQE (LON:IQE) Shares Down 8.3% - Here's Why

Key Points

• IQE plc's stock price dropped by 8.3%, trading as low as GBX 7.55 ($0.10) during mid-day trading, with a significant volume increase of 1,170% compared to its average daily trading.
• The company has a debt-to-equity ratio of 49.21 and a negative price-to-earnings ratio of -199.57, indicating potential financial challenges.
• Despite the stock decline, IQE is a leading supplier of compound semiconductor wafer products, crucial for the global semiconductor industry.

IQE plc (LON:IQE - )'s stock price was down 8.3% on Monday . The stock traded as low as GBX 7.55 ($0.10) and last traded at GBX 7.89 ($0.11). Approximately 38,469,945 shares changed hands during mid-day trading, an increase of 1,170% from the average daily volume of 3,028,047 shares. The stock had previously closed at GBX 8.60 ($0.12).

IQE Stock Down 8.1%

The company has a current ratio of 1.37, a quick ratio of 0.97 and a debt-to-equity ratio of 49.21. The company has a market capitalization of £76.76 million, a price-to-earnings ratio of -199.57, a price-to-earnings-growth ratio of 12.70 and a beta of 1.86. The firm's fifty day simple moving average is GBX 9.52 and its two-hundred day simple moving average is GBX 10.44.

About IQE

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

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