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

IQE plc (LON:IQE) shares fell 5.7% during 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 changed 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) price objective on shares of IQE in a research note on Thursday.

IQE Stock Up 0.8 %

The company 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 company has a current ratio of 1.37, a quick ratio of 0.97 and a debt-to-equity ratio of 49.21. The firm’s 50 day simple moving average is GBX 12.61 and its 200-day simple moving average is GBX 16.86.

IQE Company Profile

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