IQE (LON:IQE) Shares Down 5.7% – Here’s What Happened

IQE plc (LON:IQE)’s share price dropped 5.7% during mid-day 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 changed hands during trading, a decline of 19% from the average daily volume of 3,388,092 shares. The stock had previously closed at GBX 15.52 ($0.19).

Wall Street Analyst Weigh In

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

IQE Stock Performance

The company has a debt-to-equity ratio of 49.21, a current ratio of 1.37 and a quick ratio of 0.97. The company has a market cap of £144.93 million, a price-to-earnings ratio of -6.22, a PEG ratio of 12.70 and a beta of 1.86. The firm 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.