IQE (LON:IQE) Trading Down 9.1% – What’s Next?

IQE plc (LON:IQE)’s stock price dropped 9.1% on Thursday . The stock traded as low as GBX 56.60 and last traded at GBX 56.90. Approximately 49,000,434 shares traded hands during mid-day trading, an increase of 64% from the average daily volume of 29,839,572 shares. The stock had previously closed at GBX 62.60.

IQE Trading Down 9.1%

The company has a debt-to-equity ratio of 81.86, a quick ratio of 0.97 and a current ratio of 1.17. The stock has a market cap of £557.09 million, a P/E ratio of -11.20, a P/E/G ratio of 12.70 and a beta of 1.87. The stock has a 50-day moving average price of GBX 26.82 and a 200-day moving average price of GBX 13.42.

IQE Company Profile

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