Soitec (OTCMKTS:SLOIF) Stock Price Up 8.2% – Here’s Why

Soitec SA (OTCMKTS:SLOIF) was up 8.2% during trading on Wednesday . The company traded as high as $151.50 and last traded at $151.50. Approximately 2,233 shares traded hands during trading, a decline of 84% from the average daily volume of 14,393 shares. The stock had previously closed at $140.00.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised shares of Soitec to a “hold” rating in a research note on Thursday, June 4th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Soitec Stock Up 0.9%

The business has a fifty day moving average of $131.12 and a 200 day moving average of $107.59. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.19 and a current ratio of 3.89.

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.