IQE (LON:IQE) Shares Down 8.9% - Here's What Happened

Key Points

• IQE plc's stock price fell by 8.9%, trading at a low of GBX 5.40 ($0.07) on a day when trading volume surged by 292% compared to the average.
• The company reported a quarterly EPS of GBX (1.60) along with a negative return on equity of 14.21% and a negative net margin of 17.89%.
• IQE has a market capitalization of £52.89 million and operates with a debt-to-equity ratio of 49.21.

IQE plc (LON:IQE - Get Free Report)'s stock price fell 8.9% on Wednesday . The stock traded as low as GBX 5.40 ($0.07) and last traded at GBX 5.41 ($0.07). 13,212,298 shares traded hands during trading, an increase of 292% from the average session volume of 3,372,573 shares. The stock had previously closed at GBX 5.94 ($0.08).

IQE Stock Down 8.9%

The stock has a market capitalization of £52.89 million, a price-to-earnings ratio of -106.50, a price-to-earnings-growth ratio of 12.70 and a beta of 1.86. 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 has a 50-day moving average of GBX 8.11 and a two-hundred day moving average of GBX 9.36.

IQE (LON:IQE - Get Free Report) last posted its quarterly earnings results on Tuesday, September 23rd. The company reported GBX (1.60) earnings per share for the quarter. IQE had a negative net margin of 17.89% and a negative return on equity of 14.21%. As a group, sell-side analysts anticipate that IQE plc will post 0.37 earnings per share for the current year.

IQE Company Profile

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.