IQE’s (IQE) “Buy” Rating Reaffirmed at Numis Securities

Numis Securities reissued their buy rating on shares of IQE (LON:IQE) in a report released on Friday, MarketBeat.com reports. Numis Securities currently has a GBX 55 ($0.68) price target on the stock.

IQE Stock Down 4.0 %

Shares of IQE opened at GBX 28.50 ($0.35) on Friday. The company has a current ratio of 1.54, a quick ratio of 0.97 and a debt-to-equity ratio of 32.27. IQE has a 12 month low of GBX 12.27 ($0.15) and a 12 month high of GBX 32.78 ($0.41). The stock’s 50 day moving average is GBX 23.46 and its two-hundred day moving average is GBX 20.89. The firm has a market cap of £274.05 million, a P/E ratio of -259.09, a PEG ratio of 12.70 and a beta of 1.90.

IQE Company Profile

IQE plc develops, manufactures, and sells advanced semiconductor materials. The company operates in three segments: Wireless, Photonics, and CMOS++. It manufactures compound semiconductor wafers or epiwafers using epitaxy process; offers wireless products, including GaAs, GaN, and InP-based technologies, as well as Si and Ge-based epitaxial wafer structures; and supplies GaAs HBTs, pHEMTs, and BiFETs/BiHEMTs for use in consumer mobile handsets, connected devices, 5G network infrastructure, WiFi 6, Bluetooth, and satellite communications.