IQE (LON:IQE) Stock Price Down 9.1% - What's Next?

Key Points

• IQE plc's stock price fell by 9.1%, trading as low as GBX 7.55 ($0.10) during mid-day trading, significantly below its previous close of GBX 8.60 ($0.12).
• The trading volume surged to approximately 26.44 million shares, an increase of 794% compared to the average daily volume.
• IQE, a leading supplier in the compound semiconductor industry, currently has a market capitalization of £75.95 million and a troubling price-to-earnings ratio of -197.47.

IQE plc (LON:IQE - ) dropped 9.1% during mid-day 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 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 Stock Down 9.1%

The company has a current ratio of 1.37, a quick ratio of 0.97 and a debt-to-equity ratio of 49.21. The firm has a market capitalization of £75.95 million, a price-to-earnings ratio of -197.47, a PEG ratio of 12.70 and a beta of 1.86. The stock has a fifty day moving average of GBX 9.47 and a 200-day moving average of GBX 10.39.

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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