IQE (LON:IQE) Share Price Crosses Above Two Hundred Day Moving Average of $27.24

IQE plc (LON:IQE) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 27.24 ($0.35) and traded as high as GBX 29.60 ($0.38). IQE shares last traded at GBX 29.45 ($0.38), with a volume of 1,043,344 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Numis Securities reissued a “buy” rating and issued a GBX 55 ($0.70) price target on shares of IQE in a research note on Friday, April 19th.

IQE Trading Down 1.2 %

The business has a 50 day simple moving average of GBX 30.86 and a 200-day simple moving average of GBX 27.27. The company has a current ratio of 1.26, a quick ratio of 0.97 and a debt-to-equity ratio of 31.89. The stock has a market capitalization of £270.65 million, a price-to-earnings ratio of -952.60, a price-to-earnings-growth ratio of 12.70 and a beta of 1.95.

About IQE

IQE plc, together with its subsidiaries, develops, manufactures, and sells advanced semiconductor materials. It operates through three segments: Wireless, Photonics, and CMOS++. The company manufactures and sells compound semiconductor materials for the wireless market which includes radio frequency devices for wireless communications, and photonics market, that includes applications that transmit and sense visible and infrared lights, as well as advanced semiconductor materials related to silicon.