IQE (LON:IQE) Stock Price Down 5.7% – Here’s Why

IQE plc (LON:IQE) shares were down 5.7% during trading on Thursday . The stock traded as low as GBX 14.60 ($0.18) and last traded at GBX 14.64 ($0.18). Approximately 2,734,056 shares changed hands during trading, a decline of 19% from the average daily volume of 3,388,092 shares. The stock had previously closed at GBX 15.52 ($0.19).

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 20 ($0.25) target price on shares of IQE in a research note on Thursday.

IQE Trading Down 5.7 %

The stock has a fifty day moving average of GBX 12.57 and a 200 day moving average of GBX 16.87. The company has a market capitalization of £144.93 million, a P/E ratio of -6.22, a PEG ratio of 12.70 and a beta of 1.86. The company has a debt-to-equity ratio of 49.21, a quick ratio of 0.97 and a current ratio of 1.37.

About IQE

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