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

IQE logo with Computer and Technology background

Key Points

  • IQE plc shares dropped 8.5% on Monday, trading as low as GBX 7.55 ($0.10) before closing at GBX 7.87 ($0.11).
  • Trading volume surged to approximately 37 million shares, marking a 1,131% increase from the average daily volume.
  • The company's market cap stands at £76.49 million with a negative price-to-earnings ratio of -198.86.
  • Interested in IQE? Here are five stocks we like better.

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

IQE Trading Up 1.4%

The business has a 50-day simple moving average of GBX 9.29 and a two-hundred day simple moving average of GBX 10.26. The stock has a market cap of £72.85 million, a price-to-earnings ratio of -189.39, a P/E/G ratio of 12.70 and a beta of 1.86. The company has a debt-to-equity ratio of 49.21, a current ratio of 1.37 and a quick ratio of 0.97.

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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