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IQE (LON:IQE) Trading Down 5.7% - Here's Why

IQE logo with Computer and Technology background

IQE plc (LON:IQE - Get Free Report)'s share price traded down 5.7% during trading on Friday . The stock 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 trading, a decline of 19% from the average session volume of 3,388,092 shares. The stock had previously closed at GBX 15.52 ($0.20).

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a GBX 20 ($0.25) price objective on shares of IQE in a research report on Thursday.

Get Our Latest Analysis on IQE

IQE Stock Down 0.4 %

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 stock has a market capitalization of £145.53 million, a PE ratio of -6.25, a PEG ratio of 12.70 and a beta of 1.86. The firm's fifty day moving average is GBX 12.66 and its 200-day moving average is GBX 16.57.

About IQE

(Get Free Report)

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

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