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

Iqe Plc (OTCMKTS:IQEPF)’s stock price gapped up before the market opened on Thursday. The stock had previously closed at $0.4702, but opened at $0.5180. IQE shares last traded at $0.5180, with a volume of 2,000 shares changing hands.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on IQEPF shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of IQE in a research report on Wednesday, July 22nd. Panmure Gordon upgraded shares of IQE to a “buy” rating in a report on Monday, July 13th. Two research analysts have rated the stock with a Buy rating. According to data from MarketBeat, the company has an average rating of “Buy”.

IQE Stock Performance

The stock’s 50 day moving average price is $0.60 and its 200-day moving average price is $0.50. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.90 and a current ratio of 2.40.

IQE Company Profile

IQE plc is a global semiconductor materials and advanced wafer company headquartered in Cardiff, Wales. The company develops and manufactures epitaxial wafers and other compound semiconductor materials, which are used as the foundation for semiconductor devices and integrated circuits.

Its products support a range of applications, including wireless communications, 5G infrastructure, photonics, optical communications, sensing, consumer electronics, automotive systems, power electronics, and aerospace and defense technologies.