Soitec (OTCMKTS:SLOIY) Stock Price Up 2.4% – Here’s Why

Soitec SA (OTCMKTS:SLOIY)’s share price was up 2.4% during mid-day trading on Tuesday . The company traded as high as $15.50 and last traded at $14.77. Approximately 2,300 shares were traded during trading, an increase of 802% from the average daily volume of 255 shares. The stock had previously closed at $14.4250.

Analyst Ratings Changes

Several equities research analysts have recently commented on SLOIY shares. UBS Group downgraded shares of Soitec from a “buy” rating to a “neutral” rating in a research note on Monday, November 24th. Citigroup restated a “sell” rating on shares of Soitec in a research note on Monday, November 24th. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold”.

Soitec Trading Up 2.4%

The company’s fifty day moving average is $13.59 and its 200-day moving average is $19.33.

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.