IQE (LON:IQE) Sets New 52-Week High – Time to Buy?

IQE plc (LON:IQE) shares reached a new 52-week high during trading on Thursday . The company traded as high as GBX 31.20 and last traded at GBX 26.70, with a volume of 48482715 shares traded. The stock had previously closed at GBX 29.50.

IQE Stock Down 9.5%

The firm’s 50-day simple moving average is GBX 14.82 and its 200 day simple moving average is GBX 9.16. The company has a debt-to-equity ratio of 81.86, a quick ratio of 0.97 and a current ratio of 1.17. The company has a market cap of £261.31 million, a P/E ratio of -5.26, a PEG ratio of 12.70 and a beta of 2.40.

About IQE

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