IQE (LON:IQE) Stock Passes Below 200-Day Moving Average of $63.91

IQE plc (LON:IQE)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $63.91 and traded as low as $47.33. IQE shares last traded at $48.70, with a volume of 3,697,401 shares traded.

A number of equities research analysts have weighed in on the stock. Barclays decreased their target price on shares of IQE from GBX 80 ($1.05) to GBX 73 ($0.95) and set an “overweight” rating for the company in a research note on Tuesday, November 19th. Canaccord Genuity lowered their price target on IQE from GBX 80 ($1.05) to GBX 65 ($0.85) and set a “speculative buy” rating on the stock in a report on Tuesday, November 19th. Peel Hunt restated a “buy” rating and issued a GBX 108 ($1.41) price target on shares of IQE in a research note on Thursday, November 14th. Deutsche Bank cut their price objective on IQE from GBX 64 ($0.84) to GBX 50 ($0.65) and set a “hold” rating for the company in a report on Thursday, November 21st. Finally, Peel Hunt reiterated a “buy” rating and set a GBX 108 ($1.41) price objective on shares of IQE in a research report on Thursday, November 14th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of GBX 80.80 ($1.06).

The company’s 50-day moving average price is GBX 61.74 and its 200 day moving average price is GBX 63.15. The company has a debt-to-equity ratio of 20.54, a quick ratio of 1.04 and a current ratio of 1.83. The stock has a market cap of $391.41 million and a PE ratio of -27.32.


IQE plc develops, manufactures, and sells advanced semiconductor materials worldwide. The company operates through Wireless, Photonics, Infra-Red, and CMOS++ segments. It manufactures compound semiconductor wafers or epiwafers using epitaxy process; and offers various products, including HBTs, pHEMTs, BiFETs/BiHEMTs, HFETs, LMHEMTs, LNHEMTs, and MESFETs for use in wireless devices, such as mobile phones, smartphones, mobile networks, Wi-Fi, smart metering, satellite navigation, and a plethora of connected devices.

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