Free Trial

IQE (LON:IQE) Stock Price Down 8.5% - Should You Sell?

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

Shares of IQE plc (LON:IQE - Get Free Report) traded down 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 changed 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 Stock Performance

The stock has a fifty day simple moving average of GBX 9.34 and a 200-day simple moving average of GBX 10.31. The stock has a market cap of £71.87 million, a P/E ratio of -186.87, a PEG ratio of 12.70 and a beta of 1.86. The company has a debt-to-equity ratio of 49.21, a quick ratio of 0.97 and a current ratio of 1.37.

IQE Company Profile

(Get Free Report)

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

Read More

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

Reduce the Risk Cover

Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.

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