IQE (LON:IQE) Stock Passes Above 200-Day Moving Average of $20.81

IQE plc (LON:IQE)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 20.81 ($0.26) and traded as high as GBX 30.50 ($0.38). IQE shares last traded at GBX 29.70 ($0.37), with a volume of 3,068,050 shares changing hands.

IQE Stock Performance

The stock’s 50-day moving average is GBX 23.39 and its 200-day moving average is GBX 20.81. The stock has a market cap of £276.94 million, a price-to-earnings ratio of -270.00, a price-to-earnings-growth ratio of 12.70 and a beta of 1.90. The company has a debt-to-equity ratio of 32.27, a current ratio of 1.54 and a quick ratio of 0.97.

About IQE

IQE plc develops, manufactures, and sells advanced semiconductor materials. The company operates in three segments: Wireless, Photonics, and CMOS++. It manufactures compound semiconductor wafers or epiwafers using epitaxy process; offers wireless products, including GaAs, GaN, and InP-based technologies, as well as Si and Ge-based epitaxial wafer structures; and supplies GaAs HBTs, pHEMTs, and BiFETs/BiHEMTs for use in consumer mobile handsets, connected devices, 5G network infrastructure, WiFi 6, Bluetooth, and satellite communications.