IQE (OTCMKTS:IQEPF) Stock Falls 9.9% – Time to Sell?

Iqe Plc (OTCMKTS:IQEPF) traded down 9.9% during mid-day trading on Thursday. The stock traded as low as $0.4804 and last traded at $0.5228. Approximately 289,816 shares traded hands during mid-day trading, a decline of 80% from the average session volume of 1,467,487 shares. The stock had previously closed at $0.58.

Analysts Set New Price Targets

Several brokerages recently weighed in on IQEPF. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of IQE in a research report on Wednesday, July 22nd. Panmure Gordon upgraded shares of IQE to a “buy” rating in a report on Monday, July 13th. Two equities research analysts have rated the stock with a Buy rating. Based on data from MarketBeat, the company currently has an average rating of “Buy”.

IQE Price Performance

The company has a current ratio of 2.40, a quick ratio of 1.90 and a debt-to-equity ratio of 0.09. The firm’s fifty day moving average price is $0.63 and its two-hundred day moving average price is $0.61.

About IQE

IQE plc is a semiconductor materials and technology company that develops and manufactures advanced epitaxial wafer products. Its materials are used as the foundation for semiconductor devices, helping customers produce components with specific electrical, optical and performance characteristics.

The company supplies compound semiconductor materials and related products for applications including wireless communications, photonics, consumer electronics, automotive systems, high-performance computing and data centers.