IQE (OTCMKTS:IQEPF) Shares Gap Up – Here’s What Happened

Iqe Plc (OTCMKTS:IQEPF) gapped up before the market opened on Friday . The stock had previously closed at $0.5501, but opened at $0.62. IQE shares last traded at $0.6340, with a volume of 78,388 shares.

Analysts Set New Price Targets

IQEPF has been the subject of a number of recent analyst reports. Panmure Gordon raised IQE to a “buy” rating in a report on Monday, July 13th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of IQE in a research note on Wednesday, July 22nd. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of “Buy”.

IQE Stock Up 6.4%

The company has a current ratio of 0.76, a quick ratio of 0.53 and a debt-to-equity ratio of 0.02. The company has a 50 day moving average of $0.60 and a two-hundred day moving average of $0.46.

IQE Company Profile

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.