IQE (LON:IQE) Hits New 12-Month Low – Here’s What Happened

IQE plc (LON:IQEGet Free Report)’s share price hit a new 52-week low on Wednesday . The company traded as low as GBX 9.82 ($0.13) and last traded at GBX 10 ($0.13), with a volume of 5589446 shares trading hands. The stock had previously closed at GBX 10.40 ($0.13).

IQE Stock Down 3.8 %

The company has a debt-to-equity ratio of 49.21, a current ratio of 1.37 and a quick ratio of 0.97. The business has a fifty day simple moving average of GBX 16.46 and a 200 day simple moving average of GBX 25.50. The firm has a market cap of £97.70 million, a price-to-earnings ratio of -525.00, a PEG ratio of 12.70 and a beta of 1.86.

About IQE

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IQE plc, together with its subsidiaries, develops, manufactures, and sells advanced semiconductor materials. It operates through three segments: Wireless, Photonics, and CMOS++. The company manufactures and sells compound semiconductor materials for the wireless market which includes radio frequency devices for wireless communications, and photonics market, that includes applications that transmit and sense visible and infrared lights, as well as advanced semiconductor materials related to silicon.

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