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

IQE plc (LON:IQE) dropped 5.7% during trading on Thursday . The stock traded as low as GBX 14.60 ($0.18) and last traded at GBX 14.64 ($0.18). Approximately 2,734,056 shares were traded during mid-day trading, a decline of 19% from the average daily volume of 3,388,092 shares. The stock had previously closed at GBX 15.52 ($0.20).

Wall Street Analysts Forecast Growth

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

IQE Stock Up 1.4 %

The stock has a market cap of £146.93 million, a P/E ratio of -6.31, a PEG 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 simple moving average of GBX 12.57 and a 200-day simple moving average of GBX 16.87.

IQE Company Profile

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