IQE (LON:IQE) Stock Price Down 5.7% – Should You Sell?

IQE plc (LON:IQE) traded down 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). 2,734,056 shares traded hands during trading, a decline of 19% from the average session 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 reiterated a “buy” rating and issued a GBX 20 ($0.25) price target on shares of IQE in a research report on Thursday.

IQE Price Performance

The company has a market capitalization of £146.12 million, a PE ratio of -6.27, a price-to-earnings-growth 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. The firm’s 50 day simple moving average is GBX 12.61 and its 200 day simple moving average is GBX 16.86.

IQE Company Profile

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