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IQE (LON:IQE) Shares Down 7.6% - What's Next?

IQE logo with Computer and Technology background

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.
  • MarketBeat previews top five stocks to own in November.

IQE plc (LON:IQE - Get Free Report)'s share price dropped 7.6% during trading on Monday . The company 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 Price Performance

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

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