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

Iqe Plc (OTCMKTS:IQEPFGet Free Report)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $0.6898, but opened at $0.75. IQE shares last traded at $0.7397, with a volume of 235,241 shares traded.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft began coverage on IQE in a research note on Wednesday, May 27th. They set a “buy” rating on the stock. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

Get Our Latest Stock Report on IQEPF

IQE Trading Up 9.1%

The stock has a 50-day moving average price of $0.66 and a two-hundred day moving average price of $0.34.

About IQE

(Get Free Report)

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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