IQE (OTCMKTS:IQEPF) Shares Gap Up – Time to Buy?

Iqe Plc (OTCMKTS:IQEPF) shares gapped up before the market opened on Friday . The stock had previously closed at $0.6075, but opened at $0.6321. IQE shares last traded at $0.6402, with a volume of 46,283 shares trading hands.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Panmure Gordon upgraded IQE to a “buy” rating in a research note on Monday, July 13th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of IQE in a research report on Wednesday, July 22nd. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, IQE presently has a consensus rating of “Buy”.

IQE Trading Up 3.7%

The company has a debt-to-equity ratio of 0.02, a current ratio of 0.76 and a quick ratio of 0.53. The business has a 50-day moving average of $0.59 and a 200 day moving average of $0.54.

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.