IQE (LON:IQE) Trading Down 5.7% – Here’s Why

IQE plc (LON:IQE)’s share price traded down 5.7% during mid-day trading on Thursday . The company traded as low as GBX 14.60 ($0.18) and last traded at GBX 14.64 ($0.18). 2,734,056 shares were traded during trading, a decline of 19% from the average session volume of 3,388,092 shares. The stock had previously closed at GBX 15.52 ($0.20).

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 20 ($0.25) target price on shares of IQE in a research report on Thursday.

IQE Trading Up 1.4 %

The company has a market capitalization of £146.93 million, a price-to-earnings ratio of -6.31, a price-to-earnings-growth ratio of 12.70 and a beta of 1.86. The business has a fifty day moving average price of GBX 12.57 and a 200 day moving average price of GBX 16.87. The company has a debt-to-equity ratio of 49.21, a current ratio of 1.37 and a quick ratio of 0.97.

IQE Company Profile

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