IQE’s (IQE) “Buy” Rating Reaffirmed at Numis Securities

Numis Securities reiterated their buy rating on shares of IQE (LON:IQE) in a report issued on Friday morning, MarketBeat Ratings reports. They currently have a GBX 55 ($0.68) target price on the stock.

IQE Stock Performance

IQE stock opened at GBX 28.50 ($0.35) on Friday. The company has a 50 day moving average price of GBX 23.46 and a 200-day moving average price of GBX 20.89. 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 fifty-two week low of GBX 12.27 ($0.15) and a fifty-two week high of GBX 32.78 ($0.41). The company has a market capitalization of £274.05 million, a PE ratio of -259.09, a P/E/G ratio of 12.70 and a beta of 1.90.

About IQE

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.