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

Soitec SA (OTCMKTS:SLOIY) has received a consensus recommendation of “Reduce” from the seven brokerages that are currently covering the firm, Marketbeat reports. Three analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and two have assigned a buy recommendation to the company.

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

Soitec Price Performance

OTCMKTS:SLOIY opened at $49.74 on Friday. Soitec has a 1-year low of $13.13 and a 1-year high of $114.37. The business’s fifty day moving average price is $76.69 and its 200 day moving average price is $45.89.

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.