IQE (OTCMKTS:IQEPF) Shares Gap Up – Still a Buy?

Iqe Plc (OTCMKTS:IQEPF)’s share price gapped up before the market opened on Friday . The stock had previously closed at $0.5489, but opened at $0.6147. IQE shares last traded at $0.5780, with a volume of 28,000 shares changing hands.

Wall Street Analysts Forecast Growth

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

IQE Trading Up 5.9%

The business has a fifty day moving average price of $0.60 and a 200 day moving average price of $0.56. The company has a current ratio of 0.76, a quick ratio of 0.53 and a debt-to-equity ratio of 0.02.

About IQE

IQE plc is a global semiconductor materials company specializing in the design and manufacture of advanced semiconductor wafers and substrate materials. The company uses epitaxy, a process that deposits highly controlled crystalline layers onto semiconductor wafers, to produce materials with properties tailored for specific electronic and optoelectronic applications.

Its products support a range of markets, including wireless communications, consumer electronics, photonics, optical communications, sensing, high-performance computing, and automotive technologies.