IQE (OTCMKTS:IQEPF) Shares Gap Up – Still a Buy?

Iqe Plc (OTCMKTS:IQEPF)’s stock price gapped up before the market opened on Friday. The stock had previously closed at $0.65, but opened at $0.6852. IQE shares last traded at $0.6547, with a volume of 180,651 shares trading hands.

Analyst Ratings Changes

A number of brokerages have weighed in on IQEPF. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of IQE in a research note on Wednesday, July 22nd. Panmure Gordon upgraded 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 company currently has an average rating of “Buy”.

IQE Price Performance

The company has a 50 day simple moving average of $0.62 and a 200-day simple moving average of $0.60. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.90 and a current ratio of 2.40.

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.