IQE (LON:IQE) Stock Price Down 9.1% - Here's What Happened

Key Points

• IQE plc experienced a significant decline in stock price, falling 9.1% during trading on Monday, closing at GBX 7.82 ($0.11).
• Trading volume soared to approximately 26.4 million shares, an increase of 794% from the average daily volume.
• The company has a market cap of £75.95 million and a high debt-to-equity ratio of 49.21.

IQE plc (LON:IQE - )'s stock price was down 9.1% during trading on Monday . The company traded as low as GBX 7.55 ($0.10) and last traded at GBX 7.82 ($0.11). Approximately 26,444,150 shares changed hands during trading, an increase of 794% from the average daily volume of 2,958,533 shares. The stock had previously closed at GBX 8.60 ($0.12).

IQE Trading Down 9.1%

The company has a debt-to-equity ratio of 49.21, a quick ratio of 0.97 and a current ratio of 1.37. The business has a fifty day simple moving average of GBX 9.52 and a 200 day simple moving average of GBX 10.44. The company has a market cap of £75.95 million, a P/E ratio of -197.47, a P/E/G ratio of 12.70 and a beta of 1.86.

About IQE

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

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