IQE (OTCMKTS:IQEPF) Shares Gap Down – Here’s What Happened

Iqe Plc (OTCMKTS:IQEPF) gapped down before the market opened on Wednesday. The stock had previously closed at $0.5925, but opened at $0.5567. IQE shares last traded at $0.5973, with a volume of 30,440 shares.

Analyst Ratings Changes

Several brokerages have recently issued reports on IQEPF. Deutsche Bank Aktiengesellschaft reiterated 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 equities research analysts have rated the stock with a Buy rating. According to MarketBeat, IQE presently has a consensus rating of “Buy”.

IQE Stock Performance

The business’s 50 day moving average price is $0.63 and its two-hundred day moving average price is $0.61. The company has a quick ratio of 1.90, a current ratio of 2.40 and a debt-to-equity ratio of 0.09.

About IQE

IQE plc is a semiconductor materials and technology company that develops and manufactures advanced epitaxial wafer products. Its materials are used as the foundation for semiconductor devices, helping customers produce components with specific electrical, optical and performance characteristics.

The company supplies compound semiconductor materials and related products for applications including wireless communications, photonics, consumer electronics, automotive systems, high-performance computing and data centers.