IQE (LON:IQE) Shares Down 8.8% – Should You Sell?

IQE plc (LON:IQE) dropped 8.8% during mid-day trading on Thursday . The stock traded as low as GBX 50.20 and last traded at GBX 51. 29,871,977 shares traded hands during mid-day trading, a decline of 18% from the average daily volume of 36,291,910 shares. The stock had previously closed at GBX 55.90.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 60 price target on shares of IQE in a research note on Wednesday, May 27th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of GBX 60.

IQE Price Performance

The company has a fifty day moving average of GBX 47.14 and a 200-day moving average of GBX 24.52. The firm has a market cap of £669.42 million, a P/E ratio of -13.53, a P/E/G ratio of 12.70 and a beta of 2.25. The company has a debt-to-equity ratio of 102.23, a current ratio of 0.76 and a quick ratio of 0.97.

IQE (LON:IQE) last released its quarterly earnings results on Thursday, May 28th. The company reported GBX (2.82) EPS for the quarter. IQE had a negative net margin of 37.71% and a negative return on equity of 37.49%. The company had revenue of GBX 9,730 million during the quarter. On average, sell-side analysts anticipate that IQE plc will post 0.37 EPS for the current fiscal year.

About IQE

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