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IQE (LON:IQE) Stock Price Down 8.5% - Here's Why

IQE logo with Computer and Technology background

Key Points

  • IQE plc's share price experienced a significant 8.5% drop on Monday, closing at GBX 7.87 ($0.11), down from the previous close of GBX 8.60 ($0.12).
  • Trading volume surged, with approximately 34.5 million shares exchanged, marking a 1,048% increase from its average daily volume.
  • The company's market cap stands at £76.36 million, and it currently has a PE ratio of -198.54, indicating its financial challenges.
  • MarketBeat previews top five stocks to own in November.

IQE plc (LON:IQE - Get Free Report) shares fell 8.5% during mid-day trading on Monday . The stock traded as low as GBX 7.55 ($0.10) and last traded at GBX 7.87 ($0.11). 42,527,238 shares traded hands during mid-day trading, an increase of 1,294% from the average session volume of 3,051,499 shares. The stock had previously closed at GBX 8.60 ($0.12).

IQE Trading Up 1.4%

The company has a debt-to-equity ratio of 49.21, a current ratio of 1.37 and a quick ratio of 0.97. The business has a 50-day moving average of GBX 9.29 and a 200-day moving average of GBX 10.26. The firm has a market cap of £72.85 million, a price-to-earnings ratio of -189.39, a P/E/G 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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