Posted by admin on Aug 12th, 2022

IQE plc (LON:IQE – Get Rating) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 35.53 ($0.43) and traded as high as GBX 41 ($0.50). IQE shares last traded at GBX 40.20 ($0.49), with a volume of 1,246,110 shares traded.

Separately, Deutsche Bank Aktiengesellschaft cut their target price on shares of IQE from GBX 50 ($0.60) to GBX 40 ($0.48) and set a “buy” rating on the stock in a report on Monday, July 11th.

The company has a quick ratio of 0.84, a current ratio of 1.53 and a debt-to-equity ratio of 30.25. The business’s fifty day moving average is GBX 37.83 and its 200 day moving average is GBX 35.53. The firm has a market capitalization of £321.85 million and a price-to-earnings ratio of -10.31.

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.

Receive News & Ratings for IQE Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IQE and related companies with MarketBeat.com's FREE daily email newsletter.

Phibro Animal Health Co. (NASDAQ:PAHC) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC Invests $168,000 in Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC)