IQE (OTCMKTS:IQEPF) Shares Gap Up – Should You Buy?

Iqe Plc (OTCMKTS:IQEPF)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $0.62, but opened at $0.6430. IQE shares last traded at $0.6316, with a volume of 112,305 shares traded.

Analyst Upgrades and Downgrades

A number of research analysts have commented on IQEPF shares. Panmure Gordon upgraded IQE to a “buy” rating in a research note on Monday, July 13th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of IQE in a research note on Wednesday, July 22nd. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy”.

IQE Stock Up 3.3%

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 stock’s 50 day simple moving average is $0.60 and its 200-day simple moving average is $0.52.

About IQE

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.