IQE plc (LON:IQE) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $67.51 and traded as low as $58.25. IQE shares last traded at $59.10, with a volume of 1,343,271 shares.
Several equities analysts have recently issued reports on IQE shares. Peel Hunt reiterated a “buy” rating on shares of IQE in a research report on Monday, September 9th. Peel Hunt reiterated a “buy” rating and set a GBX 108 ($1.41) price objective on shares of IQE in a research report on Friday, June 21st. Deutsche Bank reiterated a “hold” rating on shares of IQE in a research report on Friday, July 12th. Finally, Canaccord Genuity downgraded IQE to a “speculative buy” rating and reduced their price objective for the stock from GBX 85 ($1.11) to GBX 80 ($1.05) in a research report on Thursday, September 12th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of GBX 88 ($1.15).
The stock has a market cap of $468.62 million and a P/E ratio of -32.83. The company has a fifty day moving average of GBX 56.73 and a 200 day moving average of GBX 67.51. The company has a debt-to-equity ratio of 20.54, a current ratio of 1.83 and a quick ratio of 1.04.
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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