Soitec (OTCMKTS:SLOIY) Trading Up 1.9% – Here’s What Happened

Soitec SA (OTCMKTS:SLOIY)’s stock price was up 1.9% on Wednesday . The company traded as high as $32.55 and last traded at $30.81. Approximately 11,452 shares changed hands during mid-day trading, a decline of 12% from the average daily volume of 13,047 shares. The stock had previously closed at $30.25.

Analyst Ratings Changes

A number of research firms have commented on SLOIY. Citigroup restated a “sell” rating on shares of Soitec in a report on Monday, February 9th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Soitec in a research report on Friday, February 6th. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

Soitec Price Performance

The company’s 50-day moving average is $21.76 and its 200 day moving average is $19.43.

Soitec Company Profile

Soitec is a France-based technology company specializing in the design and manufacture of advanced semiconductor materials. The company pioneered Smart Cut™ technology, which enables the production of Silicon-On-Insulator (SOI) wafers and other engineered substrates with superior electrical and thermal properties. Founded in 1992 as a spin-off from the French Atomic Energy Commission (CEA), Soitec has grown into a leading supplier of high-performance materials for the global electronics industry.

Soitec’s product portfolio includes RF-SOI substrates for 5G and mobile communications, Power-SOI for energy-efficient power management, and FD-SOI for ultra-low-power applications in IoT and automotive markets.