IQE’s (IQE) Buy Rating Reiterated at Numis Securities

Numis Securities reiterated their buy rating on shares of IQE (LON:IQE) in a report issued on Friday, MarketBeat.com reports. They currently have a GBX 55 ($0.68) price target on the stock.

IQE Stock Down 5.1 %

IQE opened at GBX 27.05 ($0.33) on Friday. The company has a debt-to-equity ratio of 32.27, a current ratio of 1.54 and a quick ratio of 0.97. The stock has a market capitalization of £260.11 million, a price-to-earnings ratio of -245.91, a price-to-earnings-growth ratio of 12.70 and a beta of 1.90. The business has a 50-day moving average of GBX 23.51 and a two-hundred day moving average of GBX 21.03. IQE has a 12 month low of GBX 12.27 ($0.15) and a 12 month high of GBX 32.78 ($0.40).

About IQE

IQE plc develops, manufactures, and sells advanced semiconductor materials. The company operates in three segments: Wireless, Photonics, and CMOS++. It manufactures compound semiconductor wafers or epiwafers using epitaxy process; offers wireless products, including GaAs, GaN, and InP-based technologies, as well as Si and Ge-based epitaxial wafer structures; and supplies GaAs HBTs, pHEMTs, and BiFETs/BiHEMTs for use in consumer mobile handsets, connected devices, 5G network infrastructure, WiFi 6, Bluetooth, and satellite communications.