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IQE (LON:IQE) Shares Down 9.1% - Here's Why

IQE logo with Computer and Technology background

Key Points

  • IQE plc shares dropped by 9.1%, closing at GBX 7.82 ($0.11) after trading as low as GBX 7.55 ($0.10) amid a significant increase in trading volume.
  • The company has a market capitalization of £75.57 million and a troubling P/E ratio of -196.46, indicating potential financial challenges.
  • IQE is recognized as the leading supplier of compound semiconductor wafer products and advanced material solutions for the global semiconductor industry.
  • Five stocks we like better than IQE.

IQE plc (LON:IQE - Get Free Report)'s share price was down 9.1% during mid-day trading on Tuesday . The company traded as low as GBX 7.55 ($0.10) and last traded at GBX 7.82 ($0.11). Approximately 26,444,150 shares were traded during mid-day trading, an increase of 794% from the average daily volume of 2,958,533 shares. The stock had previously closed at GBX 8.60 ($0.12).

IQE Stock Performance

The firm has a market cap of £72.85 million, a price-to-earnings ratio of -189.39, a price-to-earnings-growth ratio of 12.70 and a beta of 1.86. The stock has a 50-day moving average of GBX 9.29 and a 200-day moving average of GBX 10.20. The company has a debt-to-equity ratio of 49.21, a quick ratio of 0.97 and a current ratio of 1.37.

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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