IQE (LON:IQE) Stock Price Down 8.3% - Should You Sell?

Key Points

• IQE plc's share price declined by 8.3% during mid-day trading, dropping to GBX 7.89 ($0.11) from the previous close of GBX 8.60 ($0.12).
• The stock saw a surge in trading volume, with nearly 38.5 million shares traded, representing a significant increase of 1,170% from its average volume.
• IQE has a market capitalization of £76.76 million and a troubling P/E ratio of -199.57, indicating potential challenges in profitability.

IQE plc (LON:IQE - )'s share price traded down 8.3% during mid-day trading on Monday . The company traded as low as GBX 7.55 ($0.10) and last traded at GBX 7.89 ($0.11). 38,469,945 shares were traded during mid-day trading, an increase of 1,170% from the average session volume of 3,028,047 shares. The stock had previously closed at GBX 8.60 ($0.12).

IQE Stock Performance

The stock has a market capitalization of £76.76 million, a P/E ratio of -199.57, a P/E/G ratio of 12.70 and a beta of 1.86. The company's 50-day moving average is GBX 9.52 and its two-hundred day moving average is GBX 10.44. The company has a current ratio of 1.37, a quick ratio of 0.97 and a debt-to-equity ratio of 49.21.

About IQE

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

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