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

Soitec SA (OTCMKTS:SLOIF) gapped up before the market opened on Tuesday . The stock had previously closed at $140.62, but opened at $145.00. Soitec shares last traded at $144.21, with a volume of 276 shares.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of Soitec to a “hold” rating in a report on Thursday, June 4th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

Soitec Price Performance

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

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.