Soitec (OTCMKTS:SLOIF) Trading 16.1% Higher – Time to Buy?

Shares of Soitec SA (OTCMKTS:SLOIF) traded up 16.1% on Thursday . The company traded as high as $164.4161 and last traded at $164.00. 131 shares changed hands during mid-day trading, a decline of 99% from the average daily volume of 12,545 shares. The stock had previously closed at $141.3170.

Analysts Set New Price Targets

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

Soitec Stock Up 0.4%

The company has a quick ratio of 3.19, a current ratio of 3.89 and a debt-to-equity ratio of 0.39. The company’s 50 day simple moving average is $131.60 and its 200 day simple moving average is $124.58.

Soitec Company Profile

Soitec is a France-based semiconductor materials company that develops and manufactures engineered substrates used in the production of advanced semiconductor devices. Its substrates are designed to improve chip performance, energy efficiency, and integration while supporting more specialized manufacturing processes than conventional silicon wafers.

The company’s product portfolio includes silicon-on-insulator (SOI) substrates, including RF-SOI for radio-frequency applications and FD-SOI for low-power integrated circuits.