IQE (LON:IQE) Stock Price Down 10.8% – Time to Sell?

IQE plc (LON:IQE – Get Free Report)’s share price fell 10.8% during trading on Thursday. The stock traded as low as GBX 37.50 and last traded at GBX 39.35. Approximately 103,574,836 shares were traded during mid-day trading, an increase of 258% from the average session volume of 28,927,592 shares. The stock had previously closed at GBX 44.10.

IQE Stock Performance

The company has a quick ratio of 0.97, a current ratio of 2.40 and a debt-to-equity ratio of 36.37. The business has a 50 day simple moving average of GBX 46.90 and a two-hundred day simple moving average of GBX 45.14. The firm has a market cap of £523.80 million, a PE ratio of -12.37, a price-to-earnings-growth ratio of 12.70 and a beta of 2.23.

IQE (LON:IQE – Get Free Report) last issued its earnings results on Monday, September 7th. The company reported GBX (0.82) earnings per share (EPS) for the quarter. IQE had a negative net margin of 20.21% and a negative return on equity of 19.81%. As a group, equities research analysts forecast that IQE plc will post 0.37 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Bamdad Bastani sold 500,000 shares of IQE stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of GBX 46, for a total transaction of £230,000. 4.62% of the stock is owned by corporate insiders.

About IQE

(Get Free Report)

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

Further Reading

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