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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 shares fell by 9.1% during mid-day trading, closing at GBX 7.82 ($0.11) after a high trading volume of 26,444,150 shares.
  • The company reports a debt-to-equity ratio of 49.21 and a market capitalization of £75.95 million, indicating financial leverage and overall size.
  • IQE is positioned as a leading supplier in the compound semiconductor wafer market, contributing to its significance in the global semiconductor industry.
  • Five stocks we like better than IQE.

IQE plc (LON:IQE - Get Free Report) dropped 9.1% during trading on Monday . The stock traded as low as GBX 7.55 ($0.10) and last traded at GBX 7.82 ($0.11). Approximately 26,444,150 shares traded hands 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 Trading Up 1.4%

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 stock has a market cap of £72.85 million, a P/E ratio of -189.39, a PEG ratio of 12.70 and a beta of 1.86. The firm's 50-day simple moving average is GBX 9.29 and its 200 day simple moving average is GBX 10.26.

About IQE

(Get Free Report)

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

Further Reading

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