Soitec (OTCMKTS:SLOIF) Shares Gap Down – Here’s Why

Soitec SA (OTCMKTS:SLOIF)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $164.02, but opened at $144.38. Soitec shares last traded at $145.9080, with a volume of 3,992 shares.

Wall Street Analyst Weigh In

Separately, Zacks Research raised Soitec to a “hold” rating in a report on Thursday, June 4th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Reduce”.

Soitec Trading Down 12.2%

The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.85 and a current ratio of 2.39. The business has a 50-day simple moving average of $140.37 and a 200-day simple moving average of $74.77.

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.