IQE (LON:IQE) Shares Down 8.3% - Should You Sell?

Key Points

• IQE plc's stock price fell by 8.3% on Monday, trading as low as GBX 7.55 ($0.10) with an increased volume of 38 million shares traded.
• The company has a market capitalization of £76.76 million and a concerning P/E ratio of -199.57, indicating ongoing financial challenges.
• IQE is recognized as the leading supplier of compound semiconductor wafer products to the global semiconductor industry.

IQE plc (LON:IQE - Get Free Report)'s stock price traded down 8.3% during trading on Monday . The company traded as low as GBX 7.55 ($0.10) and last traded at GBX 7.89 ($0.11). 38,469,945 shares traded 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 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. 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 business's 50 day moving average is GBX 9.29 and its 200 day moving average is GBX 10.26.

IQE Company Profile

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