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IQE (LON:IQE) Shares Down 8.5% - Time to Sell?

IQE logo with Computer and Technology background

Key Points

  • IQE plc shares fell by 8.5%, trading as low as GBX 7.55 ($0.10) before closing at GBX 7.87 ($0.11).
  • The trading volume spiked to approximately 34.5 million shares, significantly higher than the average daily volume of around 3 million shares.
  • The company, a leading supplier of compound semiconductor wafer products, has a market capitalization of £76.36 million and a negative PE ratio of -198.54.
  • Interested in IQE? Here are five stocks we like better.

IQE plc (LON:IQE - Get Free Report) fell 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). 34,511,254 shares were traded during trading, an increase of 1,048% from the average session volume of 3,005,164 shares. The stock had previously closed at GBX 8.60 ($0.12).

IQE Price Performance

The company has a quick ratio of 0.97, a current ratio of 1.37 and a debt-to-equity ratio of 49.21. The firm's 50 day simple moving average is GBX 9.34 and its 200 day simple moving average is GBX 10.31. The company has a market capitalization of £71.87 million, a PE ratio of -186.87, a price-to-earnings-growth ratio of 12.70 and a beta of 1.86.

About IQE

(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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