IQE (OTCMKTS:IQEPF) Shares Gap Down – Here’s What Happened
by Amy Steele · The Cerbat GemShares of Iqe Plc (OTCMKTS:IQEPF – Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $0.62, but opened at $0.5315. IQE shares last traded at $0.5725, with a volume of 571,345 shares trading hands.
Analyst Upgrades and Downgrades
Separately, Deutsche Bank Aktiengesellschaft initiated coverage on shares of IQE in a research report on Wednesday, May 27th. They set a “buy” rating on the stock. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, IQE currently has an average rating of “Buy”.
Read Our Latest Stock Report on IQE
IQE Stock Performance
The company’s 50-day moving average is $0.60 and its 200 day moving average is $0.31.
About IQE
IQE plc is a leading global supplier of advanced wafer products and wafer-based material solutions for the semiconductor industry. Headquartered in Cardiff, Wales, the company specializes in the development and manufacturing of epitaxial wafers—ultra-thin layers of compound semiconductor materials—used in a wide range of high-performance electronic and photonic devices.
The company’s product portfolio encompasses key compound semiconductor materials such as indium phosphide, gallium arsenide, gallium nitride and silicon-germanium.