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

IQE logo with Computer and Technology background

Key Points

  • IQE plc experienced a significant stock decline of 9.1%, with shares trading as low as GBX 7.55 ($0.10) before recovering slightly to GBX 7.82 ($0.11).
  • The trading volume surged to 26,444,150 shares, marking a 794% increase compared to the average session volume.
  • IQE has a debt-to-equity ratio of 49.21, with a market capitalization of £75.47 million and a PE ratio of -196.21.
  • Five stocks to consider instead of IQE.

IQE plc (LON:IQE - Get Free Report)'s share price was down 9.1% 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 traded 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 Stock Performance

The stock's fifty day moving average price is GBX 9.29 and its two-hundred day moving average price is GBX 10.20. 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 company has a market cap of £72.85 million, a P/E ratio of -189.39, a P/E/G ratio of 12.70 and a beta of 1.86.

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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