Zacks Investment Research cut shares of IQE (OTCMKTS:IQEPF) from a hold rating to a sell rating in a report published on Friday morning.

According to Zacks, “IQE is the world leading supplier of semiconductor wafer products for wireless and optoelectronic components, photovoltaics and silicon based epitaxy. To fully leverage the most from your intellectual property, they can supply you with process optimized, cost effective, world-class wafers from any of their worldwide manufacturing sites. “

Separately, BNP Paribas assumed coverage on shares of IQE in a research report on Wednesday, January 30th. They set an outperform rating on the stock.

Shares of OTCMKTS IQEPF opened at $0.79 on Friday. IQE has a one year low of $0.51 and a one year high of $1.97. The company has a market cap of $597.33 million, a price-to-earnings ratio of 39.50 and a beta of 0.78.

IQE Company Profile

IQE plc develops, manufactures, and sells advanced semiconductor materials worldwide. The company operates through Wireless, Photonics, Infra-Red, and CMOS++ segments. It manufactures compound semiconductor wafers or epiwafers using epitaxy process; and offers various products, including HBTs, pHEMTs, BiFETs/BiHEMTs, HFETs, LMHEMTs, LNHEMTs, and MESFETs for use in wireless devices, such as mobile phones, smartphones, mobile networks, Wi-Fi, smart metering, satellite navigation, and a plethora of connected devices.

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