Iqe Plc (OTCMKTS:IQEPF – Get Free Report) rose 11% during mid-day trading on Thursday . The stock traded as high as $0.56 and last traded at $0.5550. Approximately 77,330 shares changed hands during trading, a decline of 96% from the average daily volume of 2,092,903 shares. The stock had previously closed at $0.4998.
Analysts Set New Price Targets
Separately, Deutsche Bank Aktiengesellschaft began coverage on IQE in a research report on Wednesday, May 27th. They issued a “buy” rating for the company. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy”.
Get Our Latest Stock Analysis on IQE
IQE Stock 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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