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

Soitec SA (OTCMKTS:SLOIF)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $130.35, but opened at $108.82. Soitec shares last traded at $106.9950, with a volume of 256 shares trading hands.

Analyst Upgrades and Downgrades

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

Soitec Stock Down 9.3%

The business’s 50 day moving average is $146.50 and its 200 day moving average is $98.52. The company has a quick ratio of 3.19, a current ratio of 3.89 and a debt-to-equity ratio of 0.39.

About Soitec

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.