IQE (LON:IQE) Share Price Crosses Above 200 Day Moving Average of $27.50

IQE plc (LON:IQE)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 27.50 ($0.35) and traded as high as GBX 29.40 ($0.38). IQE shares last traded at GBX 29 ($0.37), with a volume of 1,663,193 shares.

Analysts Set New Price Targets

Separately, Numis Securities restated a “buy” rating and set a GBX 55 ($0.70) price objective on shares of IQE in a research note on Friday, April 19th.

IQE Price Performance

The firm has a market cap of £270.65 million, a P/E ratio of -933.33, a PEG ratio of 12.70 and a beta of 1.95. The company has a debt-to-equity ratio of 31.89, a current ratio of 1.26 and a quick ratio of 0.97. The company’s 50-day moving average is GBX 30.44 and its two-hundred day moving average is GBX 27.56.

IQE Company Profile

IQE plc, together with its subsidiaries, develops, manufactures, and sells advanced semiconductor materials. It operates through three segments: Wireless, Photonics, and CMOS++. The company manufactures and sells compound semiconductor materials for the wireless market which includes radio frequency devices for wireless communications, and photonics market, that includes applications that transmit and sense visible and infrared lights, as well as advanced semiconductor materials related to silicon.