IQE (LON:IQE) Sets New 1-Year Low – Here’s Why

Shares of IQE plc (LON:IQEGet Free Report) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as GBX 9.82 ($0.13) and last traded at GBX 10 ($0.13), with a volume of 5589446 shares. The stock had previously closed at GBX 10.40 ($0.13).

IQE Stock Performance

The firm has a fifty day simple moving average of GBX 16.77 and a 200-day simple moving average of GBX 25.61. The company has a market cap of £96.69 million, a PE ratio of -500.00, a price-to-earnings-growth ratio of 12.70 and a beta of 1.86. The company has a quick ratio of 0.97, a current ratio of 1.37 and a debt-to-equity ratio of 49.21.

IQE Company Profile

(Get Free Report)

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.

Further Reading

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