IQE (LON:IQE) Shares Cross Above 200 Day Moving Average – Should You Sell?

IQE plc (LON:IQE) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 39.74 and traded as high as GBX 48.60. IQE shares last traded at GBX 47.45, with a volume of 13,197,202 shares trading hands.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 60 target price on shares of IQE in a report on Wednesday, May 27th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of GBX 60.

IQE Stock Performance

The stock has a market cap of £631.58 million, a P/E ratio of -12.59, a PEG ratio of 12.70 and a beta of 2.21. The business has a 50 day moving average price of GBX 44.35 and a 200 day moving average price of GBX 39.74. The company has a quick ratio of 0.97, a current ratio of 0.76 and a debt-to-equity ratio of 102.23.

Insider Transactions at IQE

In related news, insider Bamdad Bastani sold 500,000 shares of the business’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of GBX 46, for a total transaction of £230,000. 4.66% of the stock is currently owned by insiders.

About IQE

IQE is the leading supplier of compound semiconductor wafer products and advanced material solutions to the global semiconductor industry.