IQE (LON:IQE) Stock Passes Above 200 Day Moving Average of $19.31

IQE plc (LON:IQEGet Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 19.31 ($0.24) and traded as high as GBX 21 ($0.26). IQE shares last traded at GBX 20.50 ($0.25), with a volume of 14,480,937 shares.

IQE Stock Performance

The stock has a market cap of £197.11 million, a price-to-earnings ratio of -186.36, a price-to-earnings-growth ratio of 12.70 and a beta of 1.76. The company has a debt-to-equity ratio of 32.27, a current ratio of 1.54 and a quick ratio of 0.97. The stock’s 50-day moving average is GBX 16.83 and its 200-day moving average is GBX 19.27.

Insider Activity at IQE

In other IQE news, insider Americo Lemos purchased 1,367,012 shares of the stock in a transaction on Thursday, November 9th. The stock was bought at an average price of GBX 17 ($0.21) per share, for a total transaction of £232,392.04 ($285,388.73). Insiders own 15.12% of the company’s stock.

About IQE

(Get Free Report)

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.

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