IQE (OTCMKTS:IQEPF) Lifted to Hold at Zacks Investment Research

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Zacks Investment Research upgraded shares of IQE (OTCMKTS:IQEPF) from a sell rating to a hold rating in a research note issued to investors on Friday morning, 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 OTCMKTS IQEPF opened at $0.74 on Friday. The firm has a market cap of $559.52 million, a price-to-earnings ratio of 37.00 and a beta of 0.60. IQE has a 1-year low of $0.51 and a 1-year high of $1.43. The business has a fifty day moving average of $0.76.

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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