IQE (LON:IQE) Stock Price Down 7.6% - Here's Why

Key Points

• IQE plc shares experienced a decline of 7.6% during trading, dropping to a low of GBX 7.55 ($0.10) after closing at GBX 8.60 ($0.12).
• The trading volume surged to approximately 39.99 million shares, representing a dramatic increase of 1,217% from the average daily volume.
• IQE's financial metrics include a market capitalization of £76.54 million and a debt-to-equity ratio of 49.21, indicating significant leverage.

IQE plc (LON:IQE - )'s stock price was down 7.6% during trading on Monday . The stock traded as low as GBX 7.55 ($0.10) and last traded at GBX 7.95 ($0.11). Approximately 39,994,316 shares changed hands during trading, an increase of 1,217% from the average daily volume of 3,036,858 shares. The stock had previously closed at GBX 8.60 ($0.12).

IQE Stock Down 8.4%

The company's 50 day moving average price is GBX 9.52 and its 200 day moving average price is GBX 10.44. 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 market capitalization of £76.54 million, a price-to-earnings ratio of -198.99, a P/E/G ratio of 12.70 and a beta of 1.86.

IQE Company Profile

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

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