Soitec SA (OTCMKTS:SLOIY) Receives Average Rating of “Hold” from Brokerages

Shares of Soitec SA (OTCMKTS:SLOIY) have been assigned a consensus rating of “Hold” from the six analysts that are presently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell rating and three have given a buy rating to the company.

Several research firms recently issued reports on SLOIY. Morgan Stanley reissued an “overweight” rating on shares of Soitec in a research report on Tuesday, May 19th. Citigroup reaffirmed a “sell” rating on shares of Soitec in a research report on Thursday, August 13th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Soitec in a research note on Friday, May 15th. UBS Group lowered Soitec from a “neutral” rating to a “sell” rating in a report on Monday, June 15th. Finally, Oddo Bhf upgraded Soitec from a “neutral” rating to an “outperform” rating in a research note on Thursday.

Soitec Stock Performance

OTCMKTS:SLOIY opened at $74.78 on Monday. Soitec has a 12 month low of $13.13 and a 12 month high of $114.37. The firm has a fifty day simple moving average of $63.82 and a 200-day simple moving average of $58.63.

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.