IQE (OTCMKTS:IQEPF) Shares Gap Up – Here’s Why

Iqe Plc (OTCMKTS:IQEPF) gapped up before the market opened on Tuesday . The stock had previously closed at $0.6460, but opened at $0.68. IQE shares last traded at $0.6830, with a volume of 34,500 shares changing hands.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports 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 report on Wednesday, July 22nd. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, IQE currently has an average rating of “Buy”.

IQE Stock Down 5.5%

The company has a debt-to-equity ratio of 0.02, a current ratio of 0.76 and a quick ratio of 0.53. The stock has a 50-day simple moving average of $0.60 and a two-hundred day simple moving average of $0.50.

IQE Company Profile

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.