IQE (LON:IQE) Stock Price Down 10.8% – Should You Sell?

Shares of IQE plc (LON:IQE) dropped 10.8% during mid-day trading on Thursday. The company traded as low as GBX 37.50 and last traded at GBX 39.35. Approximately 103,574,836 shares were traded during trading, an increase of 258% from the average session volume of 28,927,592 shares. The stock had previously closed at GBX 44.10.

IQE Price Performance

The firm has a market capitalization of £526.46 million, a P/E ratio of -12.44, a price-to-earnings-growth ratio of 12.70 and a beta of 2.23. The company has a current ratio of 2.40, a quick ratio of 0.97 and a debt-to-equity ratio of 36.37. The firm has a 50 day moving average price of GBX 46.67 and a 200-day moving average price of GBX 45.20.

IQE (LON:IQE) last released its earnings results on Monday, September 7th. The company reported GBX (0.82) earnings per share for the quarter. IQE had a negative net margin of 20.21% and a negative return on equity of 19.81%. On average, analysts expect that IQE plc will post 0.37 earnings per share for the current year.

Insider Buying and Selling

In other IQE news, insider Bamdad Bastani sold 500,000 shares of the business’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of GBX 46, for a total transaction of £230,000. 4.62% of the stock is owned by insiders.

About IQE

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