Iqe Plc (OTCMKTS:IQEPF – Get Free Report)’s share price traded down 11.7% during trading on Thursday . The company traded as low as $0.5410 and last traded at $0.5410. Approximately 2,007,894 shares were traded during mid-day trading, a decline of 3% from the average daily volume of 2,073,861 shares. The stock had previously closed at $0.6125.
Analysts Set New Price Targets
Separately, Deutsche Bank Aktiengesellschaft initiated coverage on IQE in a research note on Wednesday, May 27th. They set a “buy” rating on the stock. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy”.
Check Out Our Latest Analysis on IQEPF
IQE Price Performance
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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