Soitec SA (OTCMKTS:SLOIY) Given Consensus Recommendation of “Hold” by Analysts

Shares of Soitec SA (OTCMKTS:SLOIY) have received an average recommendation of “Hold” from the seven ratings firms that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company.

Several equities analysts have recently commented on SLOIY shares. Oddo Bhf downgraded shares of Soitec to a “neutral” rating in a report on Tuesday, April 28th. Citigroup reissued a “sell” rating on shares of Soitec in a report on Monday, February 9th. Morgan Stanley reissued an “overweight” rating on shares of Soitec in a report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Soitec in a report on Friday, May 15th.

Soitec Stock Up 5.5%

Shares of OTCMKTS:SLOIY opened at $103.27 on Friday. Soitec has a 1-year low of $13.13 and a 1-year high of $104.74. The firm’s 50 day simple moving average is $55.53 and its two-hundred day simple moving average is $30.07.

About Soitec

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.