IQE (LON:IQE) Stock Price Up 17.4% – Here’s Why

Shares of IQE plc (LON:IQEGet Free Report) rose 17.4% during mid-day trading on Friday . The company traded as high as GBX 15.98 ($0.20) and last traded at GBX 15.50 ($0.19). Approximately 14,424,722 shares changed hands during mid-day trading, an increase of 374% from the average daily volume of 3,041,568 shares. The stock had previously closed at GBX 13.20 ($0.16).

IQE Price Performance

The company has a quick ratio of 0.97, a current ratio of 1.37 and a debt-to-equity ratio of 49.21. The business’s 50-day simple moving average is GBX 11.64 and its 200-day simple moving average is GBX 18.49. The stock has a market cap of £149.87 million, a PE ratio of -775.00, a PEG ratio of 12.70 and a beta of 1.86.

IQE Company Profile

(Get Free Report)

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

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