IQE (OTCMKTS:IQEPF) Shares Down 16.1% - Should You Sell?

Key Points

• IQE plc shares experienced a significant decline of 16.1% during trading, reaching a low of $0.13.
• The trading volume surged to approximately 5,000 shares, marking an increase of 1,329% compared to its average daily volume of 350 shares.
• The company's financial ratios indicate a debt-to-equity ratio of 0.19, reflecting its financial stability in the semiconductor materials market.

Iqe Plc (OTCMKTS:IQEPF - ) dropped 16.1% during mid-day trading on Monday . The company traded as low as $0.13 and last traded at $0.13. Approximately 5,000 shares changed hands during trading, an increase of 1,329% from the average daily volume of 350 shares. The stock had previously closed at $0.15.

IQE Stock Performance

The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.02 and a current ratio of 1.51. The company's fifty day moving average is $0.14 and its 200-day moving average is $0.14.

About IQE

IQE plc, together with its subsidiaries, develops, manufactures, and sells advanced semiconductor materials. It operates through three segments: Wireless, Photonics, and CMOS++. The company manufactures and sells compound semiconductor materials for the wireless market which includes radio frequency devices for wireless communications, and photonics market, that includes applications that transmit and sense visible and infrared lights, as well as advanced semiconductor materials related to silicon.

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