IQE (LON:IQE) Trading Down 9.4% – Here’s Why

IQE plc (LON:IQE)’s stock price dropped 9.4% during mid-day trading on Thursday . The company traded as low as GBX 8.15 and last traded at GBX 8.15. Approximately 18,015,104 shares traded hands during trading, a decline of 16% from the average daily volume of 21,355,688 shares. The stock had previously closed at GBX 9.

Key IQE News

Here are the key news stories impacting IQE this week:

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IQE Price Performance

The company has a current ratio of 1.37, a quick ratio of 0.97 and a debt-to-equity ratio of 49.21. The company has a 50 day simple moving average of GBX 5.59 and a 200 day simple moving average of GBX 7.30. The stock has a market cap of £76.79 million, a P/E ratio of -1.55, a PEG ratio of 12.70 and a beta of 1.86.

IQE Company Profile

IQE is the leading supplier of compound semiconductor wafer products and advanced material solutions to the global semiconductor industry.