Iqe Plc (OTCMKTS:IQEPF – Get Free Report)’s share price dropped 9.5% on Thursday. The company traded as low as $0.6650 and last traded at $0.6650. 16,368 shares changed hands during trading, a decline of 99% from the average session volume of 1,501,790 shares. The stock had previously closed at $0.7351.
Wall Street Analysts Forecast Growth
Several equities analysts recently commented on the company. Panmure Gordon upgraded IQE to a “buy” rating in a research note on Monday, July 13th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of IQE in a research note on Wednesday, July 22nd. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy”.
IQE Stock Down 7.5%
About IQE
IQE plc is a semiconductor materials and technology company that develops and manufactures advanced epitaxial wafer products. Its materials are used as the foundation for semiconductor devices, helping customers produce components with specific electrical, optical and performance characteristics.
The company supplies compound semiconductor materials and related products for applications including wireless communications, photonics, consumer electronics, automotive systems, high-performance computing and data centers.
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