IQE (LON:IQE) Share Price Crosses Below 200-Day Moving Average – Should You Sell?

IQE plc (LON:IQE)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 41.41 and traded as low as GBX 40.30. IQE shares last traded at GBX 41, with a volume of 19,966,549 shares traded.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 60 price objective on shares of IQE in a research note on Wednesday, May 27th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of GBX 60.

IQE Stock Up 2.4%

The company has a 50-day moving average of GBX 44.45 and a 200-day moving average of GBX 41.58. The company has a current ratio of 2.40, a quick ratio of 0.97 and a debt-to-equity ratio of 36.37. The company has a market capitalization of £547.74 million, a price-to-earnings ratio of -10.92, a price-to-earnings-growth ratio of 12.70 and a beta of 2.23.

IQE (LON:IQE) last issued its quarterly earnings results on Monday, September 7th. The company reported GBX (0.82) earnings per share for the quarter. IQE had a negative return on equity of 19.81% and a negative net margin of 20.21%. On average, equities analysts predict that IQE plc will post 0.37 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other IQE news, insider Bamdad Bastani sold 500,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of GBX 46, for a total transaction of £230,000. Corporate insiders own 4.63% of the company’s stock.

About IQE

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