IQE (LON:IQE) Shares Down 8.9% – Here’s Why

IQE plc (LON:IQEGet Free Report) shares were down 8.9% during trading on Wednesday . The stock traded as low as GBX 43.30 and last traded at GBX 45.55. Approximately 205,789,797 shares traded hands during mid-day trading, an increase of 506% from the average daily volume of 33,978,781 shares. The stock had previously closed at GBX 50.

IQE Price Performance

The company has a market capitalization of £461.48 million, a P/E ratio of -9.27, a PEG ratio of 12.70 and a beta of 2.22. The stock’s fifty day simple moving average is GBX 33.12 and its 200-day simple moving average is GBX 15.99. The company has a debt-to-equity ratio of 81.86, a current ratio of 1.17 and a quick ratio of 0.97.

IQE Company Profile

(Get Free Report)

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

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