Iqe Plc (OTCMKTS:IQEPF – Get Free Report)’s stock price was down 6.2% on Friday . The stock traded as low as $0.6010 and last traded at $0.61. 160,507 shares changed hands during trading, a decline of 92% from the average daily volume of 2,093,034 shares. The stock had previously closed at $0.65.
Analyst Upgrades and Downgrades
Separately, Deutsche Bank Aktiengesellschaft initiated coverage on shares of IQE in a report on Wednesday, May 27th. They set a “buy” rating on the stock. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, IQE currently has an average rating of “Buy”.
Read Our Latest Research Report on IQEPF
IQE Trading Down 7.4%
IQE Company Profile
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.
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