IQE (LON:IQE) Shares Down 8.5% - Here's What Happened

Key Points

• IQE plc shares fell by 8.5% on Monday, trading as low as GBX 7.55 ($0.10) before closing at GBX 7.87 ($0.11).
• Trading volume increased significantly to 42,527,238 shares, a 1,294% rise from the average session volume.
• The company's market capitalization stands at £75.95 million, with a notable debt-to-equity ratio of 49.21.

IQE plc (LON:IQE - )'s stock price traded down 8.5% during trading on Monday . The stock traded as low as GBX 7.55 ($0.10) and last traded at GBX 7.87 ($0.11). 42,527,238 shares changed hands during trading, an increase of 1,294% from the average session volume of 3,051,499 shares. The stock had previously closed at GBX 8.60 ($0.12).

IQE Trading Down 9.1%

The firm has a 50-day moving average price of GBX 9.52 and a 200 day moving average price of GBX 10.44. 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 cap of £75.95 million, a price-to-earnings ratio of -197.47, a price-to-earnings-growth ratio of 12.70 and a beta of 1.86.

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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