IQE (LON:IQE) Shares Down 5.8% – Here’s What Happened

Shares of IQE plc (LON:IQEGet Free Report) were down 5.8% during mid-day trading on Wednesday . The company traded as low as GBX 13.54 ($0.17) and last traded at GBX 13.66 ($0.17). Approximately 4,013,634 shares changed hands during mid-day trading, an increase of 24% from the average daily volume of 3,228,894 shares. The stock had previously closed at GBX 14.50 ($0.18).

IQE Trading Down 5.8 %

The stock has a fifty day simple moving average of GBX 11.81 and a 200 day simple moving average of GBX 18.01. The firm has a market capitalization of £132.08 million, a P/E ratio of -683.00, a PEG ratio of 12.70 and a beta of 1.86. The company has a quick ratio of 0.97, a current ratio of 1.37 and a debt-to-equity ratio of 49.21.

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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