IQE (OTCMKTS:IQEPF) Shares Gap Down – Here’s Why

Iqe Plc (OTCMKTS:IQEPF) gapped down before the market opened on Wednesday . The stock had previously closed at $0.7676, but opened at $0.7190. IQE shares last traded at $0.65, with a volume of 713,840 shares trading hands.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft initiated coverage on shares of IQE in a research note on Wednesday. They set a “buy” rating on the stock. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy”.

IQE Trading Down 8.1%

The stock’s 50 day moving average is $0.54 and its 200 day moving average is $0.27.

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.