Shares of Soitec SA (OTCMKTS:SLOIF – Get Free Report) shot up 11.4% on Friday . The company traded as high as $207.34 and last traded at $205.00. 639 shares changed hands during trading, a decline of 97% from the average session volume of 19,252 shares. The stock had previously closed at $183.99.
Soitec Stock Up 4.2%
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 stock has a fifty day simple moving average of $108.42 and a two-hundred day simple moving average of $61.79.
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.
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