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

IQE plc (LON:IQE)’s stock price dropped 5.7% during mid-day trading on Thursday . The company 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 mid-day trading, a decline of 19% from the average daily volume of 3,388,092 shares. The stock had previously closed at GBX 15.52 ($0.20).

Wall Street Analyst Weigh In

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

IQE Price Performance

The company’s 50-day simple moving average is GBX 12.61 and its 200-day simple moving average is GBX 16.86. 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 has a market capitalization of £146.12 million, a price-to-earnings ratio of -6.27, a P/E/G 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.