IQE (OTCMKTS:IQEPF) Rating Increased to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of IQE (OTCMKTS:IQEPF) from a sell rating to a hold rating in a research note published on Friday morning, reports.

According to Zacks, “IQE is the world leading supplier of semiconductor wafer products for wireless and optoelectronic components, photovoltaics and silicon based epitaxy. To fully leverage the most from your intellectual property, they can supply you with process optimized, cost effective, world-class wafers from any of their worldwide manufacturing sites. “

Shares of IQEPF opened at $0.63 on Friday. IQE has a 12 month low of $0.51 and a 12 month high of $1.43. The stock has a fifty day moving average price of $0.75 and a 200-day moving average price of $0.89. The firm has a market cap of $476.35 million, a PE ratio of 31.50 and a beta of 0.60.

IQE Company Profile

IQE plc develops, manufactures, and sells advanced semiconductor materials worldwide. The company operates through Wireless, Photonics, Infra-Red, and CMOS++ segments. It manufactures compound semiconductor wafers or epiwafers using epitaxy process; and offers various products, including HBTs, pHEMTs, BiFETs/BiHEMTs, HFETs, LMHEMTs, LNHEMTs, and MESFETs for use in wireless devices, such as mobile phones, smartphones, mobile networks, Wi-Fi, smart metering, satellite navigation, and a plethora of connected devices.

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