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

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

IQE Stock Down 10.8%

The company has a debt-to-equity ratio of 36.37, a quick ratio of 0.97 and a current ratio of 2.40. The company’s fifty day moving average price is GBX 46.90 and its 200-day moving average price is GBX 45.14. The stock has a market cap of £523.80 million, a P/E ratio of -12.37, a price-to-earnings-growth ratio of 12.70 and a beta of 2.23.

IQE (LON:IQE – Get Free Report) last issued its quarterly earnings results on Monday, September 7th. The company reported GBX (0.82) EPS for the quarter. IQE had a negative net margin of 20.21% and a negative return on equity of 19.81%. Equities analysts forecast that IQE plc will post 0.37 EPS for the current year.

Insider Transactions at IQE

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

About IQE

(Get Free Report)

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

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