IQE (LON:IQE) Share Price Passes Below 200 Day Moving Average – Here’s What Happened

IQE plc (LON:IQE) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 25.85 ($0.33) and traded as low as GBX 11.28 ($0.15). IQE shares last traded at GBX 11.40 ($0.15), with a volume of 2,611,599 shares trading hands.

IQE Stock Down 3.1 %

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 fifty day moving average price is GBX 17.40 and its 200-day moving average price is GBX 25.85. The stock has a market cap of £106.77 million, a P/E ratio of -570.00, a price-to-earnings-growth ratio of 12.70 and a beta of 1.86.

IQE Company Profile

IQE plc, together with its subsidiaries, develops, manufactures, and sells advanced semiconductor materials. It operates through three segments: Wireless, Photonics, and CMOS++. The company manufactures and sells compound semiconductor materials for the wireless market which includes radio frequency devices for wireless communications, and photonics market, that includes applications that transmit and sense visible and infrared lights, as well as advanced semiconductor materials related to silicon.