Shares of IQE plc (LON:IQE – Get Free Report) dropped 9.1% during trading on Thursday . The company traded as low as GBX 56.60 and last traded at GBX 56.90. Approximately 49,000,434 shares traded hands during mid-day trading, an increase of 64% from the average daily volume of 29,839,572 shares. The stock had previously closed at GBX 62.60.
IQE Stock Down 9.1%
The stock’s fifty day moving average is GBX 26.82 and its two-hundred day moving average is GBX 13.42. The company has a current ratio of 1.17, a quick ratio of 0.97 and a debt-to-equity ratio of 81.86. The firm has a market cap of £557.09 million, a P/E ratio of -11.20, a price-to-earnings-growth ratio of 12.70 and a beta of 1.87.
About IQE
IQE is the leading supplier of compound semiconductor wafer products and advanced material solutions to the global semiconductor industry.
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