IQE (LON:IQE) Trading Down 8.3% - Here's Why

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.

IQE plc (LON:IQE - )'s share price was 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). Approximately 38,469,945 shares changed hands during trading, an increase of 1,170% from the average daily volume of 3,028,047 shares. The stock had previously closed at GBX 8.60 ($0.12).

IQE Trading Down 8.1%

The stock has a market capitalization of £76.76 million, a P/E ratio of -199.57, a price-to-earnings-growth ratio of 12.70 and a beta of 1.86. 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 stock's fifty day moving average price is GBX 9.52 and its two-hundred day moving average price is GBX 10.44.

IQE Company Profile

IQE is the leading supplier of compound semiconductor wafer products and advanced material solutions to the global semiconductor industry.

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