IQE (LON:IQE) Trading Down 5.7% – Time to Sell?

Shares of IQE plc (LON:IQE) fell 5.7% during trading on Thursday . The company traded as low as GBX 14.60 ($0.18) and last traded at GBX 14.64 ($0.18). 2,734,056 shares changed hands during mid-day trading, a decline of 19% from the average session volume of 3,388,092 shares. The stock had previously closed at GBX 15.52 ($0.19).

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 20 ($0.25) price objective on shares of IQE in a research report on Thursday.

IQE Stock Down 5.7 %

The company has a market cap of £144.93 million, a P/E ratio of -6.22, a price-to-earnings-growth ratio of 12.70 and a beta of 1.86. The company has a quick ratio of 0.97, a current ratio of 1.37 and a debt-to-equity ratio of 49.21. The company has a fifty day moving average of GBX 12.57 and a 200 day moving average of GBX 16.87.

About IQE

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