IQE (LON:IQE) Stock Price Down 10.6% – Should You Sell?

IQE plc (LON:IQE)’s stock price traded down 10.6% on Thursday . The stock traded as low as GBX 41.70 and last traded at GBX 42. 70,895,844 shares were traded during trading, an increase of 97% from the average daily volume of 35,927,621 shares. The stock had previously closed at GBX 47.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 60 price target on shares of IQE in a research report on Wednesday, May 27th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of GBX 60.

IQE Price Performance

The company has a quick ratio of 0.97, a current ratio of 0.76 and a debt-to-equity ratio of 102.23. The stock’s 50-day moving average price is GBX 48.24 and its 200 day moving average price is GBX 27.66. The firm has a market cap of £551.29 million, a price-to-earnings ratio of -11.14, a price-to-earnings-growth ratio of 12.70 and a beta of 2.25.

IQE (LON:IQE) last released its earnings results on Thursday, May 28th. The company reported GBX (2.82) earnings per share for the quarter. The firm had revenue of GBX 9,730 million for the quarter. IQE had a negative return on equity of 37.49% and a negative net margin of 37.71%. Equities research analysts predict that IQE plc will post 0.37 earnings per share for the current year.

IQE Company Profile

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