Soitec (OTCMKTS:SLOIF) Shares Gap Up – Should You Buy?

Soitec SA (OTCMKTS:SLOIF)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $36.50, but opened at $42.01. Soitec shares last traded at $42.01, with a volume of 50 shares changing hands.

Soitec Trading Up 23.4%

The stock has a 50 day simple moving average of $30.88 and a two-hundred day simple moving average of $38.62. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.85 and a current ratio of 2.39.

Soitec Company Profile

Soitec is a France?based semiconductor materials company specializing in the design and manufacture of engineered substrates for the microelectronics industry. Its core technology, known as Smart Cut®, enables the production of high-performance wafers such as silicon-on-insulator (SOI), gallium nitride-on-insulator (GaN-OI) and other advanced material platforms. These substrates are used by semiconductor manufacturers to improve device performance, reduce power consumption and integrate new functions in applications ranging from mobile devices to data centers.

The company’s product portfolio includes a variety of engineered wafers tailored for radio frequency (RF) applications, power management, and photonics.