Soitec (OTCMKTS:SLOIF) Shares Gap Up – What’s Next?

Soitec SA (OTCMKTS:SLOIF)’s share price gapped up prior to trading on Monday . The stock had previously closed at $133.39, but opened at $149.5750. Soitec shares last traded at $149.85, with a volume of 706 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded Soitec to a “hold” rating in a report on Thursday, June 4th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Soitec has a consensus rating of “Reduce”.

Soitec Trading Up 12.3%

The firm’s 50-day simple moving average is $154.36 and its 200 day simple moving average is $81.41. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.85 and a current ratio of 2.39.

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.