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

IQE plc (LON:IQE) was 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). Approximately 2,734,056 shares traded hands during trading, a decline of 19% from the average daily volume of 3,388,092 shares. The stock had previously closed at GBX 15.52 ($0.20).

Analyst Upgrades and Downgrades

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

IQE Price Performance

The stock has a market capitalization of £146.12 million, a price-to-earnings ratio of -6.27, a PEG ratio of 12.70 and a beta of 1.86. The business’s fifty day moving average price is GBX 12.61 and its 200-day moving average price is GBX 16.86. 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.