Soitec (OTCMKTS:SLOIF) Shares Up 4.4% – Here’s What Happened

Shares of Soitec SA (OTCMKTS:SLOIF) shot up 4.4% on Monday . The stock traded as high as $135.66 and last traded at $135.66. 14 shares traded hands during trading, a decline of 100% from the average session volume of 13,367 shares. The stock had previously closed at $129.9546.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of Soitec to a “hold” rating in a research report on Thursday, June 4th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

Soitec Stock Down 7.3%

The business’s 50 day simple moving average is $125.82 and its 200 day simple moving average is $116.34. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.19 and a current ratio of 3.89.

About Soitec

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.