IQE (LON:IQE) Shares Pass Above 200-Day Moving Average of $25.31

IQE plc (LON:IQE) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 25.31 ($0.32) and traded as high as GBX 30.65 ($0.39). IQE shares last traded at GBX 30.15 ($0.38), with a volume of 1,177,280 shares trading hands.

Analyst Upgrades and Downgrades

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

IQE Price Performance

The company’s 50 day moving average price is GBX 30.48 and its 200-day moving average price is GBX 25.31. The company has a market capitalization of £289.99 million, a PE ratio of -1,005.00, a PEG ratio of 12.70 and a beta of 1.81. The company has a current ratio of 1.26, a quick ratio of 0.97 and a debt-to-equity ratio of 31.86.

IQE Company Profile

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.