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IQE (OTCMKTS:IQEPF) Shares Down 16.1% - Here's What Happened

IQE logo with Computer and Technology background

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.
  • Five stocks we like better than IQE.

IQE PLC (OTCMKTS:IQEPF - Get Free Report)'s share price dropped 16.1% on Monday . The stock traded as low as $0.13 and last traded at $0.13. Approximately 5,000 shares were traded during mid-day trading, an increase of 1,329% from the average daily volume of 350 shares. The stock had previously closed at $0.15.

IQE Price Performance

The company has a quick ratio of 1.02, a current ratio of 1.51 and a debt-to-equity ratio of 0.19. The company has a 50 day moving average of $0.14 and a two-hundred day moving average of $0.14.

IQE Company Profile

(Get Free Report)

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.

Further Reading

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