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IQE (LON:IQE) Share Price Passes Below Two Hundred Day Moving Average - Should You Sell?

IQE logo with Computer and Technology background

Shares of IQE plc (LON:IQE - Get Free Report) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 12.70 ($0.17) and traded as low as GBX 9.01 ($0.12). IQE shares last traded at GBX 9.23 ($0.12), with a volume of 2,481,241 shares traded.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a GBX 20 ($0.27) target price on shares of IQE in a research note on Thursday, February 13th.

Get Our Latest Research Report on IQE

IQE Stock Performance

The stock has a 50 day moving average of GBX 12.04 and a 200 day moving average of GBX 12.70. 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 firm has a market cap of £91.38 million, a price-to-earnings ratio of -3.92, a P/E/G ratio of 12.70 and a beta of 1.86.

IQE Company Profile

(Get Free Report)

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

Further Reading

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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