IQE (LON:IQE) Trading 41.1% Higher – Here’s What Happened

Shares of IQE plc (LON:IQEGet Free Report) were up 41.1% during trading on Monday . The company traded as high as GBX 10.62 and last traded at GBX 10.36. Approximately 102,667,063 shares changed hands during trading, an increase of 309% from the average daily volume of 25,098,516 shares. The stock had previously closed at GBX 7.34.

IQE Stock Down 8.8%

The company has a debt-to-equity ratio of 49.21, a current ratio of 1.37 and a quick ratio of 0.97. The company has a market capitalization of £88.04 million, a price-to-earnings ratio of -1.77, a price-to-earnings-growth ratio of 12.70 and a beta of 1.86. The firm’s 50-day simple moving average is GBX 5.49 and its two-hundred day simple moving average is GBX 7.31.

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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