IQE (OTCMKTS:IQEPF) Shares Gap Up – Time to Buy?

Iqe Plc (OTCMKTS:IQEPF) gapped up prior to trading on Friday . The stock had previously closed at $0.4975, but opened at $0.5934. IQE shares last traded at $0.5950, with a volume of 40,000 shares.

Analyst Ratings Changes

IQEPF has been the topic of a number of research reports. Panmure Gordon upgraded shares of IQE to a “buy” rating in a research report on Monday, July 13th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of IQE in a report on Wednesday, July 22nd. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy”.

IQE Trading Down 0.7%

The firm has a fifty day moving average of $0.61 and a 200-day moving average of $0.45. The company has a quick ratio of 0.53, a current ratio of 0.76 and a debt-to-equity ratio of 0.02.

About IQE

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.