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

Iqe Plc (OTCMKTS:IQEPF)’s share price gapped up prior to trading on Friday . The stock had previously closed at $0.5501, but opened at $0.62. IQE shares last traded at $0.6340, with a volume of 78,388 shares.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on IQEPF shares. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of IQE in a research report on Wednesday, July 22nd. Panmure Gordon raised IQE to a “buy” rating in a research report on Monday, July 13th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, IQE presently has a consensus rating of “Buy”.

IQE Price 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 simple moving average of $0.60 and a 200 day simple moving average of $0.46.

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.