IQE (LON:IQE) Stock Price Down 5.7% – Here’s What Happened

IQE plc (LON:IQE) shares 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 traded hands 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).

Analysts Set New Price Targets

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

IQE Trading Up 0.8 %

The company has a debt-to-equity ratio of 49.21, a current ratio of 1.37 and a quick ratio of 0.97. The firm has a market capitalization of £146.12 million, a PE ratio of -6.27, a price-to-earnings-growth ratio of 12.70 and a beta of 1.86. The stock’s 50-day moving average price is GBX 12.61 and its 200 day moving average price is GBX 16.86.

About IQE

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