IQE (LON:IQE) Shares Down 6.1% – What’s Next?

IQE plc (LON:IQE)’s share price was down 6.1% during trading on Thursday . The stock traded as low as GBX 47 and last traded at GBX 50.70. Approximately 40,411,133 shares traded hands during trading, an increase of 12% from the average daily volume of 36,189,121 shares. The stock had previously closed at GBX 54.

Wall Street Analyst Weigh In

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

IQE Stock Down 8.0%

The company has a market cap of £457.08 million, a P/E ratio of -9.18, a PEG ratio of 12.70 and a beta of 2.22. The company has a debt-to-equity ratio of 81.86, a current ratio of 1.17 and a quick ratio of 0.97. The business’s 50 day moving average price is GBX 39.78 and its 200-day moving average price is GBX 19.90.

IQE Company Profile

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