IQE (LON:IQE) Trading Down 9.6% – Here’s What Happened

IQE plc (LON:IQE – Get Free Report) was down 9.6% during trading on Friday . The stock traded as low as GBX 48.07 and last traded at GBX 53. Approximately 129,630,922 shares were traded during mid-day trading, an increase of 360% from the average daily volume of 28,169,197 shares. The stock had previously closed at GBX 58.60.

IQE Trading Down 11.1%

The company’s 50 day moving average price is GBX 22.80 and its 200 day moving average price is GBX 11.95. The company has a debt-to-equity ratio of 81.86, a current ratio of 1.17 and a quick ratio of 0.97. The firm has a market cap of £510.10 million, a PE ratio of -10.26, a price-to-earnings-growth ratio of 12.70 and a beta of 1.87.

About IQE

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

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