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IQE (LON:IQE) Stock Price Down 9.1% - Here's What Happened

IQE logo with Computer and Technology background

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.
  • Interested in IQE? Here are five stocks we like better.

IQE plc (LON:IQE - Get Free Report) traded down 9.1% during trading 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 traded hands during 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 quick ratio of 0.97, a current ratio of 1.37 and a debt-to-equity ratio of 49.21. The business's 50-day simple moving average is GBX 9.29 and its 200 day simple moving average is GBX 10.23. The firm has a market capitalization of £72.85 million, a P/E ratio of -189.39, a PEG 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.

See Also

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