IQE (LON:IQE) Shares Down 5.7% – Time to Sell?

IQE plc (LON:IQE) shares dropped 5.7% 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).

Analyst Ratings Changes

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

IQE Stock Up 0.8 %

The business has a 50 day moving average price of GBX 12.61 and a 200 day moving average price of GBX 16.86. The firm has a market capitalization of £146.12 million, a P/E ratio of -6.27, a price-to-earnings-growth ratio of 12.70 and a beta of 1.86. The company has a debt-to-equity ratio of 49.21, a current ratio of 1.37 and a quick ratio of 0.97.

IQE Company Profile

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