IQE (OTCMKTS:IQEPF) Lowered to Sell at Zacks Investment Research

Zacks Investment Research cut shares of IQE (OTCMKTS:IQEPF) from a hold rating to a sell rating in a research note released on Tuesday, 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. “

OTCMKTS:IQEPF opened at $0.72 on Tuesday. The firm’s fifty day moving average is $0.96. IQE has a fifty-two week low of $0.51 and a fifty-two week high of $1.74. The stock has a market cap of $544.40 million, a price-to-earnings ratio of 36.00 and a beta of 0.81.

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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