IQE (OTCMKTS:IQEPF) Stock Price Down 6% – Here’s What Happened

Iqe Plc (OTCMKTS:IQEPF)’s stock price was down 6% during mid-day trading on Friday . The stock traded as low as $0.63 and last traded at $0.63. Approximately 102,207 shares traded hands during mid-day trading, a decline of 94% from the average session volume of 1,817,900 shares. The stock had previously closed at $0.67.

Analysts Set New Price Targets

A number of research analysts have recently commented on IQEPF shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of IQE in a research note on Wednesday, July 22nd. Panmure Gordon upgraded 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 presently has a consensus rating of “Buy”.

IQE Stock Performance

The company has a quick ratio of 0.53, a current ratio of 0.76 and a debt-to-equity ratio of 0.02. The business has a 50 day moving average price of $0.60 and a 200 day moving average price of $0.48.

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.