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IQE (LON:IQE) Stock Price Passes Below Two Hundred Day Moving Average - Here's Why

IQE logo with Computer and Technology background

IQE plc (LON:IQE - Get Free Report) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 22.74 ($0.29) and traded as low as GBX 11.32 ($0.14). IQE shares last traded at GBX 11.38 ($0.14), with a volume of 1,657,261 shares trading hands.

IQE Price Performance

The business has a 50-day moving average of GBX 13.53 and a 200 day moving average of GBX 22.74. The company has a current ratio of 1.37, a quick ratio of 0.97 and a debt-to-equity ratio of 49.21. The firm has a market capitalization of £111.19 million, a P/E ratio of -570.00, a price-to-earnings-growth ratio of 12.70 and a beta of 1.86.

IQE Company Profile

(Get Free Report)

IQE plc, together with its subsidiaries, develops, manufactures, and sells advanced semiconductor materials. It operates through three segments: Wireless, Photonics, and CMOS++. The company manufactures and sells compound semiconductor materials for the wireless market which includes radio frequency devices for wireless communications, and photonics market, that includes applications that transmit and sense visible and infrared lights, as well as advanced semiconductor materials related to silicon.

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