IQE (LON:IQE) Stock Price Down 8.9% - What's Next?

Key Points

• IQE plc's stock price decreased by 8.9%, trading as low as GBX 5.40 ($0.07) after closing at GBX 5.94 ($0.08).
• The company reported a negative EPS of GBX (1.60) and has a negative return on equity of 14.21% for the latest quarter.
• IQE has a market capitalization of £52.89 million and a high debt-to-equity ratio of 49.21, indicating potential financial distress.

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

IQE Stock Performance

The company has a market cap of £52.89 million, a PE ratio of -106.50, a PEG ratio of 12.70 and a beta of 1.86. The company has a debt-to-equity ratio of 49.21, a current ratio of 1.37 and a quick ratio of 0.97. The business has a 50-day moving average of GBX 8.19 and a 200 day moving average of GBX 9.39.

IQE (LON:IQE - Get Free Report) last issued its quarterly earnings data 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 EPS for the current fiscal year.

IQE Company Profile

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

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