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IQE (LON:IQE) Stock Price Down 8.9% - Here's Why

IQE logo with Computer and Technology background

Key Points

  • IQE plc's stock price dropped 8.9% during mid-day trading, with shares trading as low as GBX 5.40 ($0.07) and experiencing a significant increase in trading volume.
  • The company reported a loss of GBX (1.60) earnings per share for the last quarter, along with a negative return on equity of 14.21% and a negative net margin of 17.89%.
  • Despite the recent downturn, analysts project that IQE plc will post earnings of 0.37 earnings per share for the current fiscal year.
  • Five stocks we like better than IQE.

IQE plc (LON:IQE - Get Free Report)'s stock price traded down 8.9% during mid-day trading on Wednesday . The company traded as low as GBX 5.40 ($0.07) and last traded at GBX 5.41 ($0.07). 13,212,298 shares traded hands during trading, an increase of 292% from the average session volume of 3,372,573 shares. The stock had previously closed at GBX 5.94 ($0.08).

IQE Stock Performance

The business has a fifty day moving average of GBX 8.11 and a 200-day moving average of GBX 9.36. The company has a current ratio of 1.37, a quick ratio of 0.97 and a debt-to-equity ratio of 49.21. The company has a market cap of £52.89 million, a PE ratio of -106.50, a P/E/G ratio of 12.70 and a beta of 1.86.

IQE (LON:IQE - Get Free Report) last posted its earnings results on Tuesday, September 23rd. The company reported GBX (1.60) earnings per share for the quarter. IQE had a negative return on equity of 14.21% and a negative net margin of 17.89%. Equities research analysts anticipate that IQE plc will post 0.37 earnings per share for the current fiscal year.

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.

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