IQE (LON:IQE) Stock Price Down 14.9% – Here’s What Happened

IQE plc (LON:IQE) shares fell 14.9% during mid-day trading on Tuesday . The stock traded as low as GBX 38.05 and last traded at GBX 40.35. 28,398,869 shares were traded during trading, a decline of 15% from the average session volume of 33,230,078 shares. The stock had previously closed at GBX 47.40.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 60 target price on shares of IQE in a research report on Wednesday, May 27th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, IQE presently has a consensus rating of “Buy” and a consensus price target of GBX 60.

IQE Stock Down 14.9%

The firm has a market cap of £537.07 million, a price-to-earnings ratio of -10.70, a PEG ratio of 12.70 and a beta of 2.24. The business has a fifty day simple moving average of GBX 45.90 and a 200 day simple moving average of GBX 32.35. The company has a debt-to-equity ratio of 102.23, a current ratio of 0.76 and a quick ratio of 0.97.

IQE (LON:IQE) last issued its quarterly earnings results on Thursday, May 28th. The company reported GBX (2.82) earnings per share (EPS) for the quarter. IQE had a negative return on equity of 37.49% and a negative net margin of 37.71%.The firm had revenue of GBX 9,730 million during the quarter. As a group, equities analysts forecast that IQE plc will post 0.37 EPS for the current fiscal year.

IQE Company Profile

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