IQE (LON:IQE) Stock Price Down 8.5% - Time to Sell?

Key Points

• IQE plc shares dropped 8.5% during trading, reaching a low of GBX 7.55 ($0.10) from a previous close of GBX 8.60 ($0.12).
• Trading volume significantly increased, with 37,179,605 shares changing hands, marking a 1,131% rise from the average volume.
• IQE is a leading supplier in the compound semiconductor industry, with a current market cap of £76.49 million and a price-to-earnings ratio of -198.86.

Shares of IQE plc (LON:IQE - Get Free Report) were down 8.5% on Monday . The stock traded as low as GBX 7.55 ($0.10) and last traded at GBX 7.87 ($0.11). Approximately 37,179,605 shares were traded during mid-day trading, an increase of 1,131% from the average daily volume of 3,020,588 shares. The stock had previously closed at GBX 8.60 ($0.12).

IQE Stock Down 2.6%

The firm has a market cap of £71.87 million, a price-to-earnings ratio of -186.87, a P/E/G ratio of 12.70 and a beta of 1.86. The firm's fifty day moving average is GBX 9.34 and its two-hundred day moving average is GBX 10.31. The company has a debt-to-equity ratio of 49.21, a current ratio of 1.37 and a quick ratio of 0.97.

About IQE

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