Soitec (OTCMKTS:SLOIF – Get Free Report) was upgraded by equities research analysts at Zacks Research to a “hold” rating in a research report issued on Thursday,Zacks.com reports.
Soitec Stock Down 12.9%
Shares of SLOIF stock opened at $159.35 on Thursday. The company has a current ratio of 2.39, a quick ratio of 1.85 and a debt-to-equity ratio of 0.36. The business’s 50 day moving average is $135.93 and its two-hundred day moving average is $72.71. Soitec has a twelve month low of $24.57 and a twelve month high of $226.22.
About Soitec
Soitec is a France‐based semiconductor materials company specializing in the design and manufacture of engineered substrates for the microelectronics industry. Its core technology, known as Smart Cut®, enables the production of high-performance wafers such as silicon-on-insulator (SOI), gallium nitride-on-insulator (GaN-OI) and other advanced material platforms. These substrates are used by semiconductor manufacturers to improve device performance, reduce power consumption and integrate new functions in applications ranging from mobile devices to data centers.
The company’s product portfolio includes a variety of engineered wafers tailored for radio frequency (RF) applications, power management, and photonics.
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