Soitec SA (OTCMKTS:SLOIY) Stock Rated “Hold” by Wall Street Analysts

Shares of Soitec SA (OTCMKTS:SLOIY) have earned an average recommendation of “Hold” from the seven ratings firms that are currently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell rating and four have assigned a buy rating to the company.

A number of brokerages have weighed in on SLOIY. Citigroup restated a “sell” rating on shares of Soitec in a report on Thursday, August 13th. Barclays upgraded shares of Soitec from an “equal weight” rating to an “overweight” rating in a report on Friday, September 18th. Finally, Oddo Bhf raised Soitec from a “neutral” rating to an “outperform” rating in a research report on Thursday, September 3rd.

Soitec Stock Down 1.4%

OTCMKTS:SLOIY opened at $70.80 on Tuesday. The firm’s 50-day moving average price is $77.54 and its 200-day moving average price is $71.38. Soitec has a 1-year low of $13.13 and a 1-year high of $114.37.

Soitec Company Profile

Soitec is a France-based semiconductor materials company that develops and manufactures engineered substrates used in advanced electronic and microelectronic applications. Its materials are supplied to semiconductor manufacturers and support products in mobile communications, automotive systems, artificial intelligence, consumer electronics, industrial equipment and other markets.

The company is best known for silicon-on-insulator (SOI) wafers, including RF-SOI substrates for radio-frequency components, fully depleted SOI materials for energy-efficient processors and other advanced chips, and power-oriented substrates.