IQE (LON:IQE) Shares Down 7.1% – Here’s Why

IQE plc (LON:IQE)’s share price was down 7.1% on Wednesday . The company traded as low as GBX 38.25 and last traded at GBX 38.50. 44,352,688 shares were traded during mid-day trading, an increase of 29% from the average session volume of 34,371,977 shares. The stock had previously closed at GBX 41.45.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 60 price target on shares of IQE in a research report on Wednesday, May 27th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of GBX 60.

IQE Stock Down 7.1%

The stock’s fifty day moving average is GBX 46.72 and its two-hundred day moving average is GBX 29.93. The company has a current ratio of 0.76, a quick ratio of 0.97 and a debt-to-equity ratio of 102.23. The company has a market capitalization of £512.45 million, a PE ratio of -10.21, a P/E/G ratio of 12.70 and a beta of 2.24.

IQE (LON:IQE) last posted its quarterly earnings data on Thursday, May 28th. The company reported GBX (2.82) earnings per share (EPS) for the quarter. The company had revenue of GBX 9,730 million for the quarter. IQE had a negative return on equity of 37.49% and a negative net margin of 37.71%. As a group, analysts predict that IQE plc will post 0.37 EPS for the current year.

About IQE

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