Zacks Investment Research Downgrades IQE (OTCMKTS:IQEPF) to Sell

IQE (OTCMKTS:IQEPF) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday, Zacks.com reports.

According to Zacks, “IQE is the world leading supplier of semiconductor wafer products for wireless and optoelectronic components, photovoltaics and silicon based epitaxy. To fully leverage the most from your intellectual property, they can supply you with process optimized, cost effective, world-class wafers from any of their worldwide manufacturing sites. “

Shares of IQE stock remained flat at $$0.62 during trading on Wednesday. IQE has a twelve month low of $0.51 and a twelve month high of $1.29. The company has a market cap of $468.79 million, a price-to-earnings ratio of 31.00 and a beta of 0.81. The company has a 50-day simple moving average of $0.72 and a two-hundred day simple moving average of $0.86.

IQE Company Profile

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

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