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

IQE plc (LON:IQE) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-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 traded.

Analyst Upgrades and Downgrades

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

IQE Trading Down 1.2 %

The business has a 50-day simple moving average of GBX 30.86 and a two-hundred day simple moving average of GBX 27.27. The stock has a market cap of £270.65 million, a price-to-earnings ratio of -952.60, a P/E/G ratio of 12.70 and a beta of 1.95. The company has a debt-to-equity ratio of 31.89, a current ratio of 1.26 and a quick ratio of 0.97.

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.