IQE (LON:IQE) Shares Down 5.7% – Should You Sell?

IQE plc (LON:IQE) fell 5.7% during mid-day trading on Friday . The company traded as low as GBX 14.60 ($0.18) and last traded at GBX 14.64 ($0.18). 2,734,056 shares traded hands during mid-day trading, a decline of 19% from the average session volume of 3,388,092 shares. The stock had previously closed at GBX 15.52 ($0.20).

Wall Street Analyst Weigh In

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

IQE Trading Up 1.5 %

The company has a debt-to-equity ratio of 49.21, a current ratio of 1.37 and a quick ratio of 0.97. The stock’s 50-day moving average is GBX 12.57 and its two-hundred day moving average is GBX 16.87. The stock has a market cap of £147.11 million, a P/E ratio of -6.31, a price-to-earnings-growth ratio of 12.70 and a beta of 1.86.

IQE Company Profile

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