Soitec SA (OTCMKTS:SLOIY) Receives Consensus Recommendation of “Reduce” from Analysts

Soitec SA (OTCMKTS:SLOIY) has earned an average recommendation of “Reduce” from the seven analysts that are presently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company.

A number of equities research analysts have recently issued reports on the stock. Jefferies Financial Group cut shares of Soitec from a “hold” rating to an “underperform” rating in a research note on Wednesday, June 10th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Soitec in a research report on Friday, May 15th. UBS Group downgraded shares of Soitec from a “neutral” rating to a “sell” rating in a research note on Monday, June 15th. Morgan Stanley restated an “overweight” rating on shares of Soitec in a research report on Tuesday, May 19th. Finally, Oddo Bhf cut Soitec to a “neutral” rating in a research note on Tuesday, April 28th.

Soitec Price Performance

OTCMKTS SLOIY remained flat at $60.91 on Friday. 364 shares of the company’s stock were exchanged, compared to its average volume of 9,768. Soitec has a twelve month low of $13.13 and a twelve month high of $114.37. The stock has a 50 day moving average price of $80.17 and a 200-day moving average price of $44.50.

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.