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IQE (LON:IQE) Shares Down 9.1% - Should You Sell?

IQE logo with Computer and Technology background

Key Points

  • IQE plc's share price fell by 9.1% on Monday, reaching a low of GBX 7.55 ($0.10) before closing at GBX 7.82 ($0.11).
  • Trading volume surged to approximately 26.4 million shares, up 794% from its average daily volume.
  • The company's current market capitalization stands at £75.95 million with a significantly negative P/E ratio of -197.47.
  • MarketBeat previews the top five stocks to own by November 1st.

IQE plc (LON:IQE - Get Free Report)'s share price was down 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 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 Up 1.4%

The company has a quick ratio of 0.97, a current ratio of 1.37 and a debt-to-equity ratio of 49.21. The company 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 stock has a 50-day moving average of GBX 9.29 and a 200 day moving average of GBX 10.23.

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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