IQE (LON:IQE) Trading Down 5.7% – What’s Next?

Shares of IQE plc (LON:IQE) traded down 5.7% during trading on Thursday . 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 ($0.19).

Wall Street Analysts Forecast Growth

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

IQE Price Performance

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 stock has a market cap 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. The firm has a 50 day moving average price of GBX 12.57 and a 200 day moving average price 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.