Soitec SA (OTCMKTS:SLOIY) Receives Average Recommendation of “Reduce” from Analysts

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

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

Soitec Price Performance

Soitec stock remained flat at $60.91 during trading hours on Friday. 364 shares of the company’s stock were exchanged, compared to its average volume of 9,768. Soitec has a 1-year low of $13.13 and a 1-year high of $114.37. The company’s 50 day simple moving average is $80.17 and its two-hundred day simple moving average is $44.50.

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.