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

Shares of Iqe Plc (OTCMKTS:IQEPF) gapped up before the market opened on Friday. The stock had previously closed at $0.65, but opened at $0.6852. IQE shares last traded at $0.6547, with a volume of 180,651 shares changing hands.

Analysts Set New Price Targets

IQEPF has been the subject of a number of analyst reports. Panmure Gordon raised IQE to a “buy” rating in a report on Monday, July 13th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of IQE in a research note on Wednesday, July 22nd. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy”.

IQE Price Performance

The firm’s 50 day moving average is $0.62 and its 200 day moving average is $0.60. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.90 and a current ratio of 2.40.

About IQE

IQE plc is a semiconductor materials and technology company that develops and manufactures advanced epitaxial wafer products. Its materials are used as the foundation for semiconductor devices, helping customers produce components with specific electrical, optical and performance characteristics.

The company supplies compound semiconductor materials and related products for applications including wireless communications, photonics, consumer electronics, automotive systems, high-performance computing and data centers.