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

Soitec SA (OTCMKTS:SLOIF) gapped down prior to trading on Thursday . The stock had previously closed at $72.8850, but opened at $66.7299. Soitec shares last traded at $64.7140, with a volume of 17,199 shares traded.

Soitec Trading Down 12.1%

The company has a current ratio of 2.39, a quick ratio of 1.85 and a debt-to-equity ratio of 0.36. The business has a 50-day moving average price of $43.48 and a 200-day moving average price of $40.31.

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.