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

Soitec SA (OTCMKTS:SLOIY) has been given a consensus rating of “Hold” by the seven analysts that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and two have issued a buy recommendation on the company.

A number of equities research analysts recently issued reports on SLOIY shares. Citigroup reaffirmed a “sell” rating on shares of Soitec in a research note on Monday, February 9th. Oddo Bhf downgraded shares of Soitec to a “neutral” rating in a research note on Tuesday, April 28th. Morgan Stanley reaffirmed an “overweight” rating on shares of Soitec in a research note on Tuesday. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Soitec in a research note on Friday, May 15th.

Soitec Stock Up 5.5%

Soitec stock opened at $103.27 on Friday. The firm’s fifty day moving average is $55.53 and its 200 day moving average is $30.07. Soitec has a 52-week low of $13.13 and a 52-week high of $104.74.

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.