Iqe Plc (OTCMKTS:IQEPF – Get Free Report) dropped 9.9% during mid-day trading on Thursday. The stock traded as low as $0.4804 and last traded at $0.5228. Approximately 289,816 shares changed hands during mid-day trading, a decline of 80% from the average session volume of 1,467,487 shares. The stock had previously closed at $0.58.
Wall Street Analyst Weigh In
Several brokerages have recently commented on IQEPF. Panmure Gordon upgraded shares of IQE to a “buy” rating in a research report on Monday, July 13th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of IQE in a report on Wednesday, July 22nd. Two investment analysts have rated the stock with a Buy rating. According to MarketBeat.com, the stock currently has an average rating of “Buy”.
Get Our Latest Research Report on IQEPF
IQE Stock Performance
The company has a debt-to-equity ratio of 0.09, a current ratio of 2.40 and a quick ratio of 1.90. The company has a 50-day moving average price of $0.63 and a 200-day moving average price of $0.61.
IQE Company Profile
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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