IQE (LON:IQE) Shares Pass Above 200 Day Moving Average of $21.28

Shares of IQE plc (LON:IQE) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 21.28 ($0.26) and traded as high as GBX 29.10 ($0.36). IQE shares last traded at GBX 28 ($0.35), with a volume of 2,092,068 shares traded.

Analyst Ratings Changes

Separately, Numis Securities restated a “buy” rating and set a GBX 55 ($0.68) target price on shares of IQE in a research report on Friday, April 19th.

IQE Price Performance

The company has a debt-to-equity ratio of 32.27, a quick ratio of 0.97 and a current ratio of 1.54. The firm has a market cap of £269.25 million, a P/E ratio of -254.55, a P/E/G ratio of 12.70 and a beta of 1.90. The company has a 50-day moving average of GBX 23.75 and a 200 day moving average of GBX 21.28.

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.