IQE (LON:IQE) Earns “Buy” Rating from Numis Securities

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

IQE Price Performance

IQE stock opened at GBX 28.50 ($0.35) on Friday. IQE has a 12 month low of GBX 12.27 ($0.15) and a 12 month high of GBX 32.78 ($0.41). The company has a current ratio of 1.54, a quick ratio of 0.97 and a debt-to-equity ratio of 32.27. The company has a 50-day moving average price of GBX 23.46 and a 200 day moving average price of GBX 20.96. The stock has a market cap of £274.05 million, a PE ratio of -259.09, a P/E/G ratio of 12.70 and a beta of 1.90.

IQE Company Profile

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.