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

Iqe Plc (OTCMKTS:IQEPF)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $0.5489, but opened at $0.5012. IQE shares last traded at $0.55, with a volume of 215,941 shares traded.

Analyst Upgrades and Downgrades

A number of research firms have commented on IQEPF. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of IQE in a research report on Wednesday, July 22nd. Panmure Gordon upgraded IQE to a “buy” rating in a research report on Monday, July 13th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.

IQE Stock Performance

The stock’s 50 day moving average price is $0.60 and its 200 day moving average price is $0.56. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.76 and a quick ratio of 0.53.

IQE Company Profile

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.