IQE (LON:IQE) Stock Price Down 5.8% – Here’s Why

IQE plc (LON:IQE)’s stock price traded down 5.8% during trading on Wednesday . The company traded as low as GBX 13.54 ($0.17) and last traded at GBX 13.66 ($0.17). 4,013,634 shares changed hands during mid-day trading, an increase of 24% from the average session volume of 3,228,894 shares. The stock had previously closed at GBX 14.50 ($0.18).

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 stock has a market cap of £144.07 million, a price-to-earnings ratio of -745.00, a P/E/G ratio of 12.70 and a beta of 1.86. The stock’s 50-day moving average is GBX 11.95 and its 200 day moving average is GBX 17.96.

IQE Company Profile

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