Free Trial

IQE (LON:IQE) Shares Down 9.1% - Should You Sell?

IQE logo with Computer and Technology background

Key Points

  • IQE plc experienced a significant drop in stock price, trading down 9.1% on Monday, with shares trading as low as GBX 7.55 ($0.10).
  • The trading volume surged to 26,444,150 shares, which is an increase of 794% compared to the average session volume.
  • Currently, IQE has a market capitalization of £75.95 million and a negative P/E ratio of -197.47, indicating financial challenges.
  • MarketBeat previews the top five stocks to own by October 1st.

IQE plc (LON:IQE - Get Free Report) shares fell 9.1% on Monday . The company traded as low as GBX 7.55 ($0.10) and last traded at GBX 7.82 ($0.11). 26,444,150 shares changed hands during mid-day trading, an increase of 794% from the average session volume of 2,958,533 shares. The stock had previously closed at GBX 8.60 ($0.12).

IQE Price Performance

The company has a debt-to-equity ratio of 49.21, a quick ratio of 0.97 and a current ratio of 1.37. The stock's 50 day simple moving average is GBX 9.43 and its two-hundred day simple moving average is GBX 10.37. The firm has a market capitalization of £73.82 million, a PE ratio of -191.92, a price-to-earnings-growth 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.

Read More

Should You Invest $1,000 in IQE Right Now?

Before you consider IQE, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and IQE wasn't on the list.

While IQE currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

7 Stocks That Could Be Bigger Than Tesla, Nvidia, and Google Cover

Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.

Get This Free Report
Like this article? Share it with a colleague.