Soitec SA (OTCMKTS:SLOIY) Given Consensus Rating of “Reduce” by Analysts

Soitec SA (OTCMKTS:SLOIY) has received an average rating of “Reduce” from the seven analysts that are currently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and two have issued a buy recommendation on the company.

Several research analysts have recently weighed in on SLOIY shares. Morgan Stanley restated an “overweight” rating on shares of Soitec in a research note on Tuesday, May 19th. Jefferies Financial Group lowered shares of Soitec from a “hold” rating to an “underperform” rating in a research note on Wednesday, June 10th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Soitec in a research note on Friday, May 15th. UBS Group lowered shares of Soitec from a “neutral” rating to a “sell” rating in a research note on Monday, June 15th. Finally, Oddo Bhf lowered shares of Soitec to a “neutral” rating in a research note on Tuesday, April 28th.

Soitec Price Performance

Shares of OTCMKTS:SLOIY opened at $68.64 on Wednesday. The company’s 50-day moving average price is $78.56 and its two-hundred day moving average price is $40.19. Soitec has a one year low of $13.13 and a one year high of $114.37.

Soitec Company Profile

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.