IQE plc (IQE.L) (LON:IQE) Shares Gap Up to $78.10

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IQE plc (IQE.L) (LON:IQE)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $78.10, but opened at $82.10. IQE plc (IQE.L) shares last traded at $78.46, with a volume of 2,323,200 shares trading hands.

Separately, Canaccord Genuity reaffirmed a “speculative buy” rating on shares of IQE plc (IQE.L) in a report on Wednesday, October 14th.

The business’s 50-day moving average price is GBX 71.48 and its two-hundred day moving average price is GBX 59.28. The company has a debt-to-equity ratio of 26.57, a current ratio of 1.95 and a quick ratio of 1.27. The firm has a market cap of ¬£633.50 million and a price-to-earnings ratio of -20.61.

About IQE plc (IQE.L) (LON:IQE)

IQE plc develops, manufactures, and sells advanced semiconductor materials. The company operates through Wireless, Photonics, 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 electronic devices, such as mobile phones, smartphones, mobile networks, Wi-Fi, smart metering, satellite navigation, and a plethora of connected devices.

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