IQE (OTCMKTS:IQEPF) Shares Climb 6.2% – Here’s What Happened

Iqe Plc (OTCMKTS:IQEPF) shot up 6.2% on Tuesday. The company traded as high as $0.7850 and last traded at $0.77. 218,757 shares traded hands during mid-day trading, a decline of 86% from the average session volume of 1,515,262 shares. The stock had previously closed at $0.7250.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on IQEPF. Panmure Gordon raised IQE to a “buy” rating in a report on Monday, July 13th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of IQE in a research report on Wednesday, July 22nd. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy”.

IQE Stock Up 4.7%

The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.90 and a current ratio of 2.40. The stock’s fifty day moving average is $0.61 and its 200-day moving average is $0.59.

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.