IQE (OTCMKTS:IQEPF) Stock Price Down 5.7% – Here’s What Happened

Iqe Plc (OTCMKTS:IQEPF)’s share price traded down 5.7% during mid-day trading on Monday . The stock traded as low as $0.6203 and last traded at $0.6203. 107,446 shares were traded during trading, a decline of 94% from the average daily volume of 1,716,690 shares. The stock had previously closed at $0.6580.

Analysts Set New Price Targets

Several equities research analysts have commented on IQEPF shares. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of IQE in a report on Wednesday, July 22nd. Panmure Gordon upgraded IQE to a “buy” rating in a research note on Monday, July 13th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, IQE has an average rating of “Buy”.

IQE Stock Performance

The company has a 50-day simple moving average of $0.60 and a 200 day simple moving average of $0.52. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.76 and a quick ratio of 0.53.

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.