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IQE (LON:IQE) Shares Down 9.1% - Time to Sell?

IQE logo with Computer and Technology background

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.
  • MarketBeat previews the top five stocks to own by November 1st.

IQE plc (LON:IQE - Get Free Report) dropped 9.1% during trading on Monday . The stock traded as low as GBX 7.55 ($0.10) and last traded at GBX 7.82 ($0.11). Approximately 26,444,150 shares were traded during mid-day 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 Up 1.4%

The business's fifty day moving average price is GBX 9.29 and its 200 day moving average price is GBX 10.23. The firm has a market capitalization of £72.85 million, a PE ratio of -189.39, a P/E/G ratio of 12.70 and a beta of 1.86. The company has a quick ratio of 0.97, a current ratio of 1.37 and a debt-to-equity ratio of 49.21.

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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