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IQE (LON:IQE) Shares Down 8.5% - Here's Why

IQE logo with Computer and Technology background

Key Points

  • IQE plc's stock price fell by 8.5% on Monday, closing at GBX 7.87 ($0.11), significantly lower than its previous close of GBX 8.60 ($0.12).
  • Trading volume surged to approximately 34.5 million shares, an increase of 1,048% compared to the average daily volume.
  • The company, which specializes in compound semiconductor wafer products, currently has a market capitalization of £76.36 million.
  • Five stocks we like better than IQE.

IQE plc (LON:IQE - Get Free Report)'s stock price fell 8.5% during mid-day trading on Monday . The company traded as low as GBX 7.55 ($0.10) and last traded at GBX 7.87 ($0.11). 42,527,238 shares traded hands during trading, an increase of 1,294% from the average session volume of 3,051,499 shares. The stock had previously closed at GBX 8.60 ($0.12).

IQE Trading Up 1.4%

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 £72.85 million, a P/E ratio of -189.39, a PEG ratio of 12.70 and a beta of 1.86. The firm has a 50 day moving average of GBX 9.29 and a 200-day moving average 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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