IQE (LON:IQE) Shares Down 7% – Should You Sell?

IQE plc (LON:IQE)’s stock price was down 7% during mid-day trading on Thursday . The stock traded as low as GBX 43.40 and last traded at GBX 43.70. 80,487,094 shares traded hands during trading, an increase of 153% from the average session volume of 31,849,924 shares. The stock had previously closed at GBX 47.

Wall Street Analyst Weigh In

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

IQE Price Performance

The business’s 50-day moving average price is GBX 45.45 and its 200 day moving average price is GBX 37.08. The company has a quick ratio of 0.97, a current ratio of 0.76 and a debt-to-equity ratio of 102.23. The company has a market capitalization of £598.30 million, a P/E ratio of -11.92, a price-to-earnings-growth ratio of 12.70 and a beta of 2.21.

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

Insider Buying and Selling at IQE

In other news, insider Bamdad Bastani sold 500,000 shares of the company’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of GBX 46, for a total value of £230,000. Insiders own 4.66% of the company’s stock.

IQE Company Profile

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