Free Trial

IQE (LON:IQE) Stock Price Down 8.3% - Here's Why

IQE logo with Computer and Technology background

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.
  • MarketBeat previews the top five stocks to own by November 1st.

Shares of IQE plc (LON:IQE - Get Free Report) were 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). Approximately 38,469,945 shares changed hands during trading, an increase of 1,170% from the average daily volume of 3,028,047 shares. The stock had previously closed at GBX 8.60 ($0.12).

IQE Stock Performance

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

About IQE

(Get Free Report)

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

Featured Articles

Should You Invest $1,000 in IQE Right Now?

Before you consider IQE, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and IQE wasn't on the list.

While IQE currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Options Trading Made Easy - Download Now Cover

Learn the basics of options trading and how to use them to boost returns and manage risk with this free report from MarketBeat. Click the link below to get your free copy.

Get This Free Report
Like this article? Share it with a colleague.