IQE (OTCMKTS:IQEPF) Shares Down 10.8%

IQE plc (OTCMKTS:IQEPF) shares fell 10.8% during mid-day trading on Wednesday . The stock traded as low as $0.63 and last traded at $0.66, 102,000 shares traded hands during trading. An increase of 199% from the average session volume of 34,129 shares. The stock had previously closed at $0.74.

Several equities analysts recently commented on the stock. Citigroup lowered shares of IQE from a “buy” rating to a “neutral” rating in a research report on Monday, January 13th. Barclays cut shares of IQE from an “overweight” rating to an “equal weight” rating in a research note on Thursday, January 16th. Zacks Investment Research raised shares of IQE from a “sell” rating to a “hold” rating in a research report on Thursday, January 23rd. Finally, ValuEngine upgraded shares of IQE from a “sell” rating to a “hold” rating in a research note on Tuesday, February 4th. Five analysts have rated the stock with a hold rating, The stock has a consensus rating of “Hold”.

The firm has a 50-day moving average of $0.67 and a 200-day moving average of $0.70. The stock has a market capitalization of $559.52 million, a price-to-earnings ratio of 33.00 and a beta of 0.82.

IQE Company Profile (OTCMKTS:IQEPF)

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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