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

Iqe Plc (OTCMKTS:IQEPF)’s stock price gapped up prior to trading on Thursday. The stock had previously closed at $0.62, but opened at $0.6545. IQE shares last traded at $0.6575, with a volume of 17,500 shares changing hands.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on IQEPF. Panmure Gordon raised IQE to a “buy” rating in a research report on Monday, July 13th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of IQE in a report on Wednesday, July 22nd. Two research 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 Performance

The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.53 and a current ratio of 0.76. The stock has a 50-day moving average price of $0.61 and a 200-day moving average price of $0.58.

IQE Company Profile

IQE plc is a global semiconductor materials company specializing in the design and manufacture of advanced semiconductor wafers and substrate materials. The company uses epitaxy, a process that deposits highly controlled crystalline layers onto semiconductor wafers, to produce materials with properties tailored for specific electronic and optoelectronic applications.

Its products support a range of markets, including wireless communications, consumer electronics, photonics, optical communications, sensing, high-performance computing, and automotive technologies.