IQE (LON:IQE) Trading Down 8.9% - What's Next?

Key Points

• IQE plc experienced a significant drop in stock price, falling by 8.9% during trading on Wednesday, closing at GBX 5.41 ($0.07).
• The company reported a negative earnings per share of GBX (1.60) for the most recent quarter, along with a negative return on equity of 14.21% and a negative net margin of 17.89%.
• With a market cap of £52.89 million and a high price-to-earnings ratio of -106.50, the company’s financial ratios indicate potential challenges ahead.

IQE plc (LON:IQE - Get Free Report) fell 8.9% during trading on Wednesday . The company traded as low as GBX 5.40 ($0.07) and last traded at GBX 5.41 ($0.07). 13,212,298 shares were traded during mid-day trading, an increase of 292% from the average session volume of 3,372,573 shares. The stock had previously closed at GBX 5.94 ($0.08).

IQE Stock Down 8.9%

The business has a 50-day simple moving average of GBX 8.19 and a two-hundred day simple moving average of GBX 9.39. The company has a market cap of £52.89 million, a price-to-earnings ratio of -106.50, a PEG 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.

IQE (LON:IQE - Get Free Report) last announced its quarterly earnings results on Tuesday, September 23rd. The company reported GBX (1.60) earnings per share for the quarter. IQE had a negative return on equity of 14.21% and a negative net margin of 17.89%. As a group, equities analysts forecast that IQE plc will post 0.37 earnings per share for the current fiscal year.

About IQE

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

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