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IQE (LON:IQE) Shares Down 8.3% - Time to Sell?

IQE logo with Computer and Technology background

Key Points

  • IQE plc's share price fell 8.3% during midday trading, reaching a low of GBX 7.55 ($0.10) before closing at GBX 7.89 ($0.11).
  • The trading volume surged to approximately 38.47 million shares, marking a 1,170% increase from the average daily volume.
  • IQE, a leading supplier of compound semiconductor wafer products, has a market capitalization of £76.76 million and a notably high price-to-earnings ratio of -199.57.
  • Five stocks we like better than IQE.

Shares of IQE plc (LON:IQE - Get Free Report) traded down 8.3% during mid-day trading on Monday . The stock traded as low as GBX 7.55 ($0.10) and last traded at GBX 7.89 ($0.11). 38,469,945 shares changed hands during mid-day trading, an increase of 1,170% from the average session volume of 3,028,047 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 fifty day moving average price of GBX 9.29 and a 200-day moving average price of GBX 10.26. The stock has a market capitalization of £72.85 million, a P/E ratio of -189.39, a PEG ratio of 12.70 and a beta of 1.86.

IQE Company Profile

(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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