IQE (LON:IQE) Receives Buy Rating from Numis Securities

IQE (LON:IQE)‘s stock had its “buy” rating reiterated by research analysts at Numis Securities in a research note issued to investors on Friday, Digital Look reports. They currently have a GBX 55 ($0.68) price objective on the stock. Numis Securities’ price objective suggests a potential upside of 92.31% from the stock’s previous close.

IQE Stock Down 3.7 %

Shares of LON IQE opened at GBX 28.60 ($0.36) on Friday. The stock has a market cap of £275.01 million, a P/E ratio of -260.84, a P/E/G ratio of 12.70 and a beta of 1.90. The firm has a 50 day moving average price of GBX 23.39 and a 200 day moving average price of GBX 20.81. The company has a debt-to-equity ratio of 32.27, a quick ratio of 0.97 and a current ratio of 1.54. IQE has a 52-week low of GBX 12.27 ($0.15) and a 52-week high of GBX 32.78 ($0.41).

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.