IQE (LON:IQE) Shares Up 36.2% – Here’s Why

IQE plc (LON:IQEGet Free Report) shares shot up 36.2% during trading on Monday . The company traded as high as GBX 10.70 and last traded at GBX 10. 82,581,672 shares traded hands during mid-day trading, an increase of 272% from the average session volume of 22,229,174 shares. The stock had previously closed at GBX 7.34.

More IQE News

Here are the key news stories impacting IQE this week:

IQE Price Performance

The company’s fifty day moving average price is GBX 5.34 and its two-hundred day moving average price is GBX 7.30. The company has a quick ratio of 0.97, a current ratio of 1.37 and a debt-to-equity ratio of 49.21. The company has a market cap of £97.83 million, a price-to-earnings ratio of -1.97, a PEG ratio of 12.70 and a beta of 1.86.

About IQE

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

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