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IQE (LON:IQE) Trading Down 8.5% - Should You Sell?

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 the top five stocks to own by October 1st.

IQE plc (LON:IQE - Get Free Report)'s share price was down 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). Approximately 42,527,238 shares were traded during mid-day trading, an increase of 1,294% from the average daily volume of 3,051,499 shares. The stock had previously closed at GBX 8.60 ($0.12).

IQE Stock Down 2.6%

The company has a market capitalization of £71.87 million, a PE ratio of -186.87, a price-to-earnings-growth ratio of 12.70 and a beta of 1.86. The company's fifty day moving average is GBX 9.34 and its 200-day moving average is GBX 10.31. The company has a debt-to-equity ratio of 49.21, a quick ratio of 0.97 and a current ratio of 1.37.

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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