Soitec (OTCMKTS:SLOIY) Stock Price Up 12.5% – Still a Buy?

Soitec SA (OTCMKTS:SLOIY) shares rose 12.5% during trading on Wednesday . The company traded as high as $67.43 and last traded at $65.25. Approximately 6,445 shares changed hands during trading, a decline of 44% from the average daily volume of 11,420 shares. The stock had previously closed at $58.00.

Analyst Upgrades and Downgrades

SLOIY has been the topic of a number of analyst reports. Citigroup reaffirmed a “sell” rating on shares of Soitec in a research note on Monday, February 9th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Soitec in a research note on Friday, February 6th. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold”.

Soitec Stock Up 12.5%

The business has a 50 day simple moving average of $29.85 and a 200-day simple moving average of $21.64.

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.