IQE (LON:IQE) Shares Up 12.4% – Here’s What Happened

IQE plc (LON:IQE)’s stock price shot up 12.4% on Monday . The company traded as high as GBX 55.40 and last traded at GBX 53.15. 46,514,652 shares traded hands during trading, an increase of 50% from the average session volume of 31,110,121 shares. The stock had previously closed at GBX 47.27.

IQE Price Performance

The firm has a market cap of £531.64 million, a price-to-earnings ratio of -10.69, a P/E/G ratio of 12.70 and a beta of 1.87. The business’s 50-day simple moving average is GBX 28.34 and its two-hundred day simple moving average is GBX 14.05. The company has a current ratio of 1.17, a quick ratio of 0.97 and a debt-to-equity ratio of 81.86.

IQE Company Profile

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