IQE (LON:IQE) Shares Pass Above 200 Day Moving Average of $23.82

IQE plc (LON:IQEGet Free Report) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 23.82 ($0.30) and traded as high as GBX 35 ($0.45). IQE shares last traded at GBX 34.65 ($0.44), with a volume of 1,561,970 shares changing hands.

Analysts Set New Price Targets

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

Check Out Our Latest Stock Analysis on IQE

IQE Stock Performance

The company has a market cap of £318.85 million, a PE ratio of -1,105.00, a price-to-earnings-growth ratio of 12.70 and a beta of 1.81. The company has a quick ratio of 0.97, a current ratio of 1.26 and a debt-to-equity ratio of 31.86. The firm has a fifty day simple moving average of GBX 28.10 and a 200-day simple moving average of GBX 24.

About IQE

(Get Free Report)

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.

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