IQE (LON:IQE) Stock Crosses Below Two Hundred Day Moving Average – Here’s Why

IQE plc (LON:IQEGet Free Report) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 21.78 ($0.27) and traded as low as GBX 10.02 ($0.13). IQE shares last traded at GBX 10.38 ($0.13), with a volume of 2,716,073 shares changing hands.

IQE Price Performance

The company has a current ratio of 1.37, a quick ratio of 0.97 and a debt-to-equity ratio of 49.21. The stock has a market capitalization of £100.36 million, a price-to-earnings ratio of -519.00, a price-to-earnings-growth ratio of 12.70 and a beta of 1.86. The company’s 50 day moving average is GBX 12.55 and its 200 day moving average is GBX 21.72.

IQE Company Profile

(Get Free Report)

IQE plc, together with its subsidiaries, develops, manufactures, and sells advanced semiconductor materials. It operates through three segments: Wireless, Photonics, and CMOS++. The company manufactures and sells compound semiconductor materials for the wireless market which includes radio frequency devices for wireless communications, and photonics market, that includes applications that transmit and sense visible and infrared lights, as well as advanced semiconductor materials related to silicon.

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