Soitec SA (OTCMKTS:SLOIY – Get Free Report)’s stock price traded down 43.3% during trading on Friday . The company traded as low as $13.13 and last traded at $13.13. 402 shares traded hands during trading, an increase of 113% from the average session volume of 189 shares. The stock had previously closed at $23.15.
Wall Street Analyst Weigh In
Separately, BNP Paribas downgraded shares of Soitec to a “neutral” rating in a report on Friday, August 8th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Soitec presently has an average rating of “Hold”.
Read Our Latest Stock Analysis on Soitec
Soitec Price Performance
About Soitec
Soitec SA designs and manufactures semiconductor materials worldwide. Its products are used to manufacture chips that are used in smart phones, tablets, computers, IT servers, and data centers, as well as electronic components in cars, connected devices, and industrial and medical equipment. It offers Fully Depleted Silicon-On-Insulator (FD-SOI) for automotive radar and processors, and PD-SOI and FinFET-SOI products for high-performance computing markets.
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