Zacks Investment Research downgraded shares of IQE (OTCMKTS:IQEPF) from a hold rating to a sell rating in a research report released on Wednesday.

According to Zacks, “IQE is the world leading supplier of semiconductor wafer products for wireless and optoelectronic components, photovoltaics and silicon based epitaxy. To fully leverage the most from your intellectual property, they can supply you with process optimized, cost effective, world-class wafers from any of their worldwide manufacturing sites. “

Shares of OTCMKTS:IQEPF opened at $0.97 on Wednesday. The company has a market capitalization of $735.54 million, a P/E ratio of 24.33 and a beta of -0.02. IQE has a one year low of $0.67 and a one year high of $2.34.

About IQE

IQE plc develops, manufactures, and sells advanced semiconductor materials worldwide. The company operates through Wireless, Photonics, Infra Red, and CMOS++ segments. It manufactures compound semiconductor wafers or epiwafers using epitaxy process; and offers various products, including HBTs, pHEMTs, BiFETs/BiHEMTs, HFETs, LMHEMTs, LNHEMTs, and MESFETs for use in wireless devices, such as mobile phones, smartphones, mobile networks, Wi-Fi, smart metering, satellite navigation, and a plethora of connected devices.

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