IQE (OTCMKTS:IQEPF) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of IQE (OTCMKTS:IQEPF) from a sell rating to a hold rating in a report published on Thursday morning, Zacks.com reports.

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. “

Several other research analysts have also recently commented on the company. ValuEngine cut IQE from a hold rating to a sell rating in a research note on Thursday, December 5th. Citigroup cut IQE from a buy rating to a neutral rating in a research note on Monday, January 13th. Finally, Barclays cut IQE from an overweight rating to an equal weight rating in a research note on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. IQE presently has an average rating of Hold.

OTCMKTS:IQEPF opened at $0.65 on Thursday. IQE has a one year low of $0.55 and a one year high of $1.20. The business’s 50-day simple moving average is $0.62 and its 200 day simple moving average is $0.71. The stock has a market cap of $491.47 million, a price-to-earnings ratio of 32.50 and a beta of 0.72.

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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