IQE (LON:IQE) Trading Down 5.7% – Here’s Why

Shares of IQE plc (LON:IQE) traded down 5.7% during mid-day trading on Friday . The company traded as low as GBX 14.60 ($0.18) and last traded at GBX 14.64 ($0.18). 2,734,056 shares traded hands 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 ($0.20).

Analyst Ratings Changes

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

IQE Trading Up 0.8 %

The company has a debt-to-equity ratio of 49.21, a quick ratio of 0.97 and a current ratio of 1.37. The firm has a market cap of £146.12 million, a price-to-earnings ratio of -6.27, a PEG ratio of 12.70 and a beta of 1.86. The business has a fifty day simple moving average of GBX 12.66 and a 200-day simple moving average of GBX 16.67.

About IQE

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