IQE (LON:IQE) Trading Down 5.8% – Here’s Why

IQE plc (LON:IQE) fell 5.8% during mid-day trading on Thursday . The company traded as low as GBX 13.54 ($0.17) and last traded at GBX 13.66 ($0.17). 4,013,634 shares traded hands during mid-day trading, an increase of 24% from the average session volume of 3,228,894 shares. The stock had previously closed at GBX 14.50 ($0.18).

IQE Stock Up 3.0 %

The company has a market capitalization of £136.05 million, a price-to-earnings ratio of -703.55, a price-to-earnings-growth ratio of 12.70 and a beta of 1.86. The company has a quick ratio of 0.97, a current ratio of 1.37 and a debt-to-equity ratio of 49.21. The business has a 50-day moving average price of GBX 11.81 and a 200-day moving average price of GBX 18.01.

About IQE

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