IQE (LON:IQE) Receives Buy Rating from Numis Securities

IQE (LON:IQE)‘s stock had its “buy” rating restated by equities researchers at Numis Securities in a note issued to investors on Friday, Digital Look reports. They presently have a GBX 55 ($0.68) price objective on the stock. Numis Securities’ price objective points to a potential upside of 92.31% from the stock’s current price.

IQE Trading Down 3.7 %

Shares of IQE stock opened at GBX 28.60 ($0.36) on Friday. The business has a fifty day simple moving average of GBX 23.39 and a 200-day simple moving average of GBX 20.81. 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 firm has a market cap of £275.01 million, a price-to-earnings ratio of -260.84, a price-to-earnings-growth ratio of 12.70 and a beta of 1.90. The company has a quick ratio of 0.97, a current ratio of 1.54 and a debt-to-equity ratio of 32.27.

IQE Company Profile

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.