IQE (OTCMKTS:IQEPF) Shares Gap Down – Time to Sell?
by Sarita Garza · The Markets DailyIqe Plc (OTCMKTS:IQEPF – Get Free Report)’s share price gapped down before the market opened on Friday . The stock had previously closed at $0.6640, but opened at $0.6418. IQE shares last traded at $0.6538, with a volume of 48,924 shares changing hands.
Analysts Set New Price Targets
A number of equities research analysts have weighed in on IQEPF shares. Panmure Gordon upgraded shares of IQE to a “buy” rating in a research note on Monday, July 13th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of IQE in a research note on Wednesday, July 22nd. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, IQE currently has an average rating of “Buy”.
Read Our Latest Analysis on IQEPF
IQE Stock Performance
The business’s fifty day moving average price is $0.60 and its two-hundred day moving average price is $0.52. The company has a quick ratio of 0.53, a current ratio of 0.76 and a debt-to-equity ratio of 0.02.
About IQE
IQE plc is a leading global supplier of advanced wafer products and wafer-based material solutions for the semiconductor industry. Headquartered in Cardiff, Wales, the company specializes in the development and manufacturing of epitaxial wafers—ultra-thin layers of compound semiconductor materials—used in a wide range of high-performance electronic and photonic devices.
The company’s product portfolio encompasses key compound semiconductor materials such as indium phosphide, gallium arsenide, gallium nitride and silicon-germanium.