IQE (LON:IQE) Stock Price Down 5.7% – Time to Sell?

IQE plc (LON:IQE) shares fell 5.7% on Thursday . The stock traded as low as GBX 14.60 ($0.18) and last traded at GBX 14.64 ($0.18). 2,734,056 shares were traded during trading, a decline of 19% from the average session volume of 3,388,092 shares. The stock had previously closed at GBX 15.52 ($0.19).

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 20 ($0.25) price objective on shares of IQE in a research report on Thursday.

IQE Price Performance

The firm has a fifty day moving average of GBX 12.57 and a 200 day moving average of GBX 16.87. 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 market capitalization of £144.93 million, a P/E ratio of -6.22, a P/E/G ratio of 12.70 and a beta of 1.86.

About IQE

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