Iqe Plc (OTCMKTS:IQEPF – Get Free Report)’s stock price dropped 9.5% on Thursday. The stock traded as low as $0.6650 and last traded at $0.6650. 16,368 shares changed hands during trading, a decline of 99% from the average session volume of 1,501,790 shares. The stock had previously closed at $0.7351.
Analysts Set New Price Targets
Several analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of IQE in a report on Wednesday, July 22nd. Panmure Gordon raised IQE to a “buy” rating in a research report on Monday, July 13th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy”.
Get Our Latest Report on IQEPF
IQE Stock Down 7.5%
About IQE
IQE plc is a semiconductor materials and technology company that develops and manufactures advanced epitaxial wafer products. Its materials are used as the foundation for semiconductor devices, helping customers produce components with specific electrical, optical and performance characteristics.
The company supplies compound semiconductor materials and related products for applications including wireless communications, photonics, consumer electronics, automotive systems, high-performance computing and data centers.
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