IQE (OTCMKTS:IQEPF) Shares Gap Down – Here’s What Happened

Iqe Plc (OTCMKTS:IQEPF)’s stock price gapped down prior to trading on Monday. The stock had previously closed at $0.7245, but opened at $0.6571. IQE shares last traded at $0.72, with a volume of 67,247 shares traded.

Analyst Upgrades and Downgrades

Several brokerages have commented on IQEPF. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of IQE in a report on Wednesday, July 22nd. Panmure Gordon raised shares of IQE to a “buy” rating in a research report on Monday, July 13th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy”.

IQE Stock Performance

The firm’s 50 day moving average price is $0.62 and its 200-day moving average price is $0.59. The company has a quick ratio of 1.90, a current ratio of 2.40 and a debt-to-equity ratio of 0.09.

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.