IQE (LON:IQE) Shares Down 9.5% – Here’s Why

IQE plc (LON:IQE)’s stock price dropped 9.5% on Wednesday . The company traded as low as GBX 50.50 and last traded at GBX 50.60. Approximately 27,686,277 shares traded hands during mid-day trading, a decline of 24% from the average daily volume of 36,531,391 shares. The stock had previously closed at GBX 55.90.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 60 price target on shares of IQE in a research report on Wednesday, May 27th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of GBX 60.

IQE Stock Down 10.6%

The company has a current ratio of 0.76, a quick ratio of 0.97 and a debt-to-equity ratio of 102.23. The stock has a market capitalization of £489.90 million, a P/E ratio of -9.84, a P/E/G ratio of 12.70 and a beta of 2.22. The business has a 50-day moving average price of GBX 41.38 and a 200 day moving average price of GBX 20.83.

IQE (LON:IQE) last posted its earnings results on Thursday, May 28th. The company reported GBX (2.82) EPS for the quarter. The firm had revenue of GBX 9,730 million for the quarter. IQE had a negative net margin of 37.71% and a negative return on equity of 37.49%. On average, equities analysts expect that IQE plc will post 0.37 EPS for the current fiscal year.

IQE Company Profile

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