IQE (LON:IQE) Shares Down 8.9% - Time to Sell?

Key Points

• IQE plc shares fell 8.9% during mid-day trading, closing at GBX 5.41 ($0.07) after reaching a low of GBX 5.40.
• The company reported a negative earnings per share (EPS) of GBX (1.60) for the recent quarter, with a negative net margin of 17.89%.
• IQE has a current market capitalization of £52.89 million and a high beta of 1.86, indicating significant volatility in its stock price.

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

IQE Stock Down 8.9%

The firm's 50 day moving average is GBX 8.19 and its two-hundred day moving average is GBX 9.39. The stock has a market cap of £52.89 million, a price-to-earnings ratio of -106.50, a P/E/G ratio of 12.70 and a beta of 1.86. The company has a current ratio of 1.37, a quick ratio of 0.97 and a debt-to-equity ratio of 49.21.

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

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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