Iqe Plc (OTCMKTS:IQEPF – Get Free Report) rose 10.3% on Monday . The company traded as high as $0.64 and last traded at $0.64. Approximately 1,439,668 shares changed hands during mid-day trading, a decline of 31% from the average daily volume of 2,076,851 shares. The stock had previously closed at $0.58.
Analyst Upgrades and Downgrades
Separately, Deutsche Bank Aktiengesellschaft started coverage on IQE in a report on Wednesday, May 27th. They set a “buy” rating for the company. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy”.
Read Our Latest Stock Analysis on IQEPF
IQE Trading Down 5.6%
About IQE
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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