IQE (LON:IQE) Stock Price Down 5.7% – Here’s What Happened

IQE plc (LON:IQE) shares dropped 5.7% during mid-day trading on Thursday . The stock traded as low as GBX 14.60 ($0.18) and last traded at GBX 14.64 ($0.18). Approximately 2,734,056 shares were traded 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).

Analysts Set New Price Targets

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

IQE Trading Up 0.8 %

The company’s 50 day simple moving average is GBX 12.61 and its two-hundred day simple moving average is GBX 16.86. The company 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. The company has a quick ratio of 0.97, a current ratio of 1.37 and a debt-to-equity ratio of 49.21.

About IQE

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