Iqe Plc (OTCMKTS:IQEPF – Get Free Report)’s share price was down 9.5% on Thursday . The company traded as low as $0.6335 and last traded at $0.64. Approximately 1,041,059 shares changed hands during mid-day trading, a decline of 48% from the average daily volume of 2,006,266 shares. The stock had previously closed at $0.7075.
Wall Street Analysts Forecast Growth
Separately, Deutsche Bank Aktiengesellschaft started coverage on shares of IQE in a report on Wednesday. They issued a “buy” rating on the stock. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy”.
Check Out Our Latest Analysis on IQEPF
IQE Trading Down 9.5%
IQE Company Profile
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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