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IQE's stock drops 5.7%, but Deutsche Bank maintains a "buy" rating with a higher price target.
IQE, a supplier of semiconductor wafer products, saw its stock price drop by 5.7% on Thursday, trading at GBX 14.64 ($0.18).
Despite this, Deutsche Bank maintained a "buy" rating and set a higher target price of GBX 20 ($0.25).
The company has a market cap of £146.12 million and financial metrics including a current ratio of 1.37 and a debt-to-equity ratio of 49.21.
Trading volume was down 19% from the daily average.
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Las acciones de IQE bajan un 5,7%, pero Deutsche Bank mantiene una calificación de "compra" con un objetivo de precio más alto.