Posted by admin on Jun 17th, 2022

IQE plc (LON:IQE – Get Rating)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 34.16 ($0.41) and traded as high as GBX 34.50 ($0.42). IQE shares last traded at GBX 32.20 ($0.39), with a volume of 2,002,298 shares traded.

Several equities research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 50 ($0.61) price objective on shares of IQE in a research report on Wednesday, March 30th. Canaccord Genuity Group cut shares of IQE to a “hold” rating and cut their price objective for the stock from GBX 55 ($0.67) to GBX 43 ($0.52) in a research report on Wednesday, March 30th.

The firm has a market capitalization of £259.07 million and a price-to-earnings ratio of -8.26. The business’s 50-day simple moving average is GBX 32.11 and its two-hundred day simple moving average is GBX 34.16. The company has a quick ratio of 0.84, a current ratio of 1.53 and a debt-to-equity ratio of 30.25.

In related news, insider Andrew W. Nelson purchased 250,000 shares of the company’s stock in a transaction on Wednesday, April 27th. The stock was acquired at an average cost of GBX 30 ($0.36) per share, for a total transaction of £75,000 ($91,030.46).

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.

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