Shares of Iqe Plc (OTCMKTS:IQEPF – Get Free Report) dropped 6.2% during mid-day trading on Friday . The stock traded as low as $0.6010 and last traded at $0.61. Approximately 160,507 shares changed hands during mid-day trading, a decline of 92% from the average session volume of 2,093,034 shares. The stock had previously closed at $0.65.
Analysts Set New Price Targets
Separately, Deutsche Bank Aktiengesellschaft began coverage on IQE in a research report on Wednesday, May 27th. They issued a “buy” rating for the company. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy”.
Read Our Latest Analysis on IQEPF
IQE Price Performance
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.
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