Soitec SA (SLOIY) – What Are Researchers Saying About This Stock?

Shares of Soitec SA (OTCMKTS:SLOIY) have been assigned an average recommendation of “Hold” from the seven brokerages that are presently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a sell rating and four have given a buy rating to the company.

Several brokerages recently weighed in on SLOIY. Barclays upgraded Soitec from an “equal weight” rating to an “overweight” rating in a research report on Friday, September 18th. Oddo Bhf raised shares of Soitec from a “neutral” rating to an “outperform” rating in a research note on Thursday, September 3rd. Finally, Citigroup reaffirmed a “sell” rating on shares of Soitec in a research report on Thursday, August 13th.

Soitec Stock Performance

Shares of OTCMKTS:SLOIY opened at $65.01 on Tuesday. Soitec has a 52-week low of $13.13 and a 52-week high of $114.37. The business has a fifty day moving average of $76.76 and a two-hundred day moving average of $56.54.

About Soitec

Soitec is a France-based semiconductor materials company that develops and manufactures engineered substrates used in advanced electronic and microelectronic applications. Its materials are supplied to semiconductor manufacturers and support products in mobile communications, automotive systems, artificial intelligence, consumer electronics, industrial equipment and other markets.

The company is best known for silicon-on-insulator (SOI) wafers, including RF-SOI substrates for radio-frequency components, fully depleted SOI materials for energy-efficient processors and other advanced chips, and power-oriented substrates.