IQE (OTCMKTS:IQEPF) Downgraded to “Speculative Buy” at Canaccord Genuity

IQE (OTCMKTS:IQEPF) was downgraded by equities researchers at Canaccord Genuity from a “buy” rating to a “speculative buy” rating in a research note issued to investors on Thursday, Automated Import reports.

Separately, Zacks Investment Research lowered shares of IQE from a “hold” rating to a “sell” rating in a research report on Wednesday.

OTCMKTS:IQEPF opened at $0.62 on Thursday. IQE has a 52 week low of $0.51 and a 52 week high of $1.29. The firm has a market cap of $468.79 million, a price-to-earnings ratio of 31.00 and a beta of 0.81. The firm’s 50-day simple moving average is $0.72 and its 200 day simple moving average is $0.86.

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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