IQE (LON:IQE) Stock Price Down 14.9% – Here’s Why

IQE plc (LON:IQE) shares dropped 14.9% on Tuesday . The company traded as low as GBX 38.05 and last traded at GBX 40.35. 28,398,869 shares traded hands during mid-day trading, a decline of 15% from the average session volume of 33,230,078 shares. The stock had previously closed at GBX 47.40.

Analyst Ratings Changes

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

IQE Stock Performance

The company has a debt-to-equity ratio of 102.23, a quick ratio of 0.97 and a current ratio of 0.76. The company has a market cap of £532.41 million, a price-to-earnings ratio of -10.61, a P/E/G ratio of 12.70 and a beta of 2.24. The company has a fifty day moving average of GBX 46.07 and a two-hundred day moving average of GBX 32.82.

IQE (LON:IQE) last issued its quarterly earnings data on Thursday, May 28th. The company reported GBX (2.82) earnings per share for the quarter. IQE had a negative return on equity of 37.49% and a negative net margin of 37.71%.The firm had revenue of GBX 9,730 million for the quarter. Equities research analysts anticipate that IQE plc will post 0.37 EPS for the current year.

About IQE

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