IQE (LON:IQE) Share Price Passes Above 200-Day Moving Average of $20.81

IQE plc (LON:IQE) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 20.81 ($0.26) and traded as high as GBX 30.50 ($0.38). IQE shares last traded at GBX 29.70 ($0.37), with a volume of 3,068,050 shares trading hands.

Analyst Ratings Changes

Separately, Numis Securities reaffirmed a “buy” rating and issued a GBX 55 ($0.68) price target on shares of IQE in a research note on Friday.

IQE Stock Down 4.0 %

The company’s fifty day simple moving average is GBX 23.46 and its 200 day simple moving average is GBX 20.89. The company has a quick ratio of 0.97, a current ratio of 1.54 and a debt-to-equity ratio of 32.27. The firm has a market capitalization of £274.05 million, a PE ratio of -259.09, a price-to-earnings-growth ratio of 12.70 and a beta of 1.90.

IQE Company Profile

IQE plc develops, manufactures, and sells advanced semiconductor materials. The company operates in three segments: Wireless, Photonics, and CMOS++. It manufactures compound semiconductor wafers or epiwafers using epitaxy process; offers wireless products, including GaAs, GaN, and InP-based technologies, as well as Si and Ge-based epitaxial wafer structures; and supplies GaAs HBTs, pHEMTs, and BiFETs/BiHEMTs for use in consumer mobile handsets, connected devices, 5G network infrastructure, WiFi 6, Bluetooth, and satellite communications.