Soitec (OTCMKTS:SLOIF) Shares Gap Up – Here’s What Happened

Soitec SA (OTCMKTS:SLOIF)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $106.10, but opened at $119.17. Soitec shares last traded at $122.06, with a volume of 691 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised Soitec to a “hold” rating in a research note on Thursday, June 4th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of “Hold”.

Soitec Stock Down 0.5%

The company has a current ratio of 3.89, a quick ratio of 3.19 and a debt-to-equity ratio of 0.39. The business’s fifty day moving average price is $140.53 and its 200-day moving average price is $100.37.

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.