Soitec (OTCMKTS:SLOIF) Raised to “Strong-Buy” at New Street Research

New Street Research upgraded shares of Soitec (OTCMKTS:SLOIF) to a strong-buy rating in a research report sent to investors on Friday morning, Zacks.com reports.

Soitec Trading Up 4.7 %

Shares of OTCMKTS SLOIF opened at $103.60 on Friday. The company has a 50 day simple moving average of $107.66 and a 200 day simple moving average of $147.60. Soitec has a 1 year low of $96.95 and a 1 year high of $180.20. The company has a current ratio of 3.64, a quick ratio of 2.89 and a debt-to-equity ratio of 0.44.

Soitec Company Profile

Soitec SA designs and manufactures semiconductor materials worldwide. Its products are used to manufacture chips that are used in smart phones, tablets, computers, IT servers, and data centers, as well as electronic components in cars, connected devices, and industrial and medical equipment. It offers Fully Depleted Silicon-On-Insulator (FD-SOI) for automotive radar and processors, and PD-SOI and FinFET-SOI products for high-performance computing markets.