Numis Securities Reiterates "Buy" Rating for IQE (LON:IQE)

IQE (LON:IQE - Get Free Report)'s stock had its "buy" rating reiterated by equities research analysts at Numis Securities in a report released on Friday, MarketBeat Ratings reports. They presently have a GBX 55 ($0.68) target price on the stock. Numis Securities' price target points to a potential upside of 92.98% from the stock's current price.

IQE Stock Down 4.0 %

Shares of IQE stock traded down GBX 1.20 ($0.01) during trading on Friday, reaching GBX 28.50 ($0.35). The company had a trading volume of 3,941,959 shares, compared to its average volume of 4,565,080. The company has a market cap of £274.05 million, a price-to-earnings ratio of -259.09, a price-to-earnings-growth ratio of 12.70 and a beta of 1.90. The firm's fifty day moving average is GBX 23.46 and its 200-day moving average is GBX 20.89. The company has a debt-to-equity ratio of 32.27, a quick ratio of 0.97 and a current ratio of 1.54. IQE has a fifty-two week low of GBX 12.27 ($0.15) and a fifty-two week high of GBX 32.78 ($0.41).

IQE Company Profile

IQE plc develops, manufactures, and sells advanced semiconductor materials. The company operates in three segments: Wireless, Photonics, and CMOS++. It manufactures compound semiconductor wafers or epiwafers using epitaxy process; offers wireless products, including GaAs, GaN, and InP-based technologies, as well as Si and Ge-based epitaxial wafer structures; and supplies GaAs HBTs, pHEMTs, and BiFETs/BiHEMTs for use in consumer mobile handsets, connected devices, 5G network infrastructure, WiFi 6, Bluetooth, and satellite communications.