IQE (LON:IQE) Shares Pass Below Two Hundred Day Moving Average – Here’s What Happened

IQE plc (LON:IQEGet Free Report)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 22.74 ($0.29) and traded as low as GBX 11.32 ($0.14). IQE shares last traded at GBX 11.38 ($0.14), with a volume of 1,657,261 shares trading hands.

IQE Stock Performance

The company has a market capitalization of £111.19 million, a price-to-earnings ratio of -575.00, a PEG ratio of 12.70 and a beta of 1.86. 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 stock has a 50 day simple moving average of GBX 13.36 and a two-hundred day simple moving average of GBX 22.58.

About IQE

(Get Free Report)

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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