IQE (LON:IQE) Trading Down 12% – Here’s What Happened

IQE plc (LON:IQEGet Free Report) was down 12% during trading on Friday . The stock traded as low as GBX 17.60 and last traded at GBX 17.60. Approximately 194,401,063 shares traded hands during mid-day trading, an increase of 848% from the average daily volume of 20,512,369 shares. The stock had previously closed at GBX 20.

IQE Stock Down 4.2%

The firm has a market cap of £187.44 million, a PE ratio of -3.77, a PEG ratio of 12.70 and a beta of 1.86. The company has a debt-to-equity ratio of 49.21, a quick ratio of 0.97 and a current ratio of 1.37. The company’s 50-day simple moving average is GBX 8.20 and its two-hundred day simple moving average is GBX 7.27.

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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