IQE (OTCMKTS:IQEPF) Upgraded to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of IQE (OTCMKTS:IQEPF) from a sell rating to a hold rating in a report released on Friday, 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 IQEPF stock opened at $0.74 on Friday. IQE has a 1-year low of $0.51 and a 1-year high of $1.43. The company’s 50-day moving average is $0.76. The company has a market capitalization of $559.52 million, a P/E ratio of 37.00 and a beta of 0.60.

About IQE

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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