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

IQE logo with Computer and Technology background

Key Points

  • IQE plc's stock fell by 9.1%, closing at GBX 7.82 ($0.11) after reaching a low of GBX 7.55 ($0.10).
  • This decline occurred alongside a significant increase in trading volume, with approximately 26.4 million shares changing hands—up 794% from the average daily volume.
  • The company currently holds a market cap of £75.95 million and has a negative PE ratio of -197.47, indicating challenges in profitability.
  • MarketBeat previews top five stocks to own in November.

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

IQE Stock Performance

The stock's 50 day moving average price is GBX 9.29 and its 200 day moving average price is GBX 10.26. The company has a current ratio of 1.37, a quick ratio of 0.97 and a debt-to-equity ratio of 49.21. The firm has a market cap of £72.85 million, a PE ratio of -189.39, a P/E/G ratio of 12.70 and a beta of 1.86.

IQE Company Profile

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

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