Iqe Plc (OTCMKTS:IQEPF – Get Free Report)’s share price dropped 10% during mid-day trading on Thursday . The stock traded as low as $0.6030 and last traded at $0.6145. Approximately 342,301 shares were traded during mid-day trading, a decline of 83% from the average daily volume of 2,043,957 shares. The stock had previously closed at $0.6830.
Wall Street Analyst Weigh In
Separately, Deutsche Bank Aktiengesellschaft initiated coverage on shares of IQE in a research report on Wednesday, May 27th. They issued a “buy” rating for the company. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy”.
Get Our Latest Report on IQEPF
IQE Stock Down 1.6%
About IQE
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.
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