IQE (LON:IQE) Shares Up 17.4% – Here’s What Happened

IQE plc (LON:IQEGet Free Report) shares rose 17.4% during trading on Friday . The stock traded as high as GBX 15.98 ($0.20) and last traded at GBX 15.50 ($0.19). Approximately 14,424,722 shares were traded during mid-day trading, an increase of 374% from the average daily volume of 3,041,568 shares. The stock had previously closed at GBX 13.20 ($0.16).

IQE Price Performance

The business has a 50-day moving average of GBX 11.64 and a 200 day moving average of GBX 18.49. The company has a current ratio of 1.37, a quick ratio of 0.97 and a debt-to-equity ratio of 49.21. The firm has a market capitalization of £149.87 million, a P/E ratio of -775.00, a price-to-earnings-growth ratio of 12.70 and a beta of 1.86.

IQE Company Profile

(Get Free Report)

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

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