IQE (LON:IQE) Trading Down 9.1% - What's Next?

Key Points

• The stock price of IQE plc fell by 9.1% during mid-day trading, reaching a low of GBX 7.55 ($0.10) before last trading at GBX 7.82 ($0.11).
• Trading volume surged to approximately 26.4 million shares, a significant increase of 794% from the average daily volume.
• IQE has a market cap of £75.95 million and key financial ratios indicate serious challenges, including a price-to-earnings ratio of -197.47.

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

IQE Stock 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 company has a market cap of £75.95 million, a price-to-earnings ratio of -197.47, a PEG ratio of 12.70 and a beta of 1.86. The firm's 50-day moving average price is GBX 9.52 and its 200 day moving average price is GBX 10.44.

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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