Soitec SA (OTCMKTS:SLOIY) Receives Average Rating of “Reduce” from Brokerages

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

Several equities research analysts have issued reports on the stock. Citigroup reissued a “sell” rating on shares of Soitec in a research report on Thursday, August 13th. UBS Group downgraded shares of Soitec from a “neutral” rating to a “sell” rating in a research note on Monday, June 15th. Jefferies Financial Group lowered Soitec from a “hold” rating to an “underperform” rating in a report on Wednesday, June 10th. Morgan Stanley reissued an “overweight” rating on shares of Soitec in a research note on Tuesday, May 19th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Soitec in a report on Friday, May 15th.

Soitec Stock Performance

OTCMKTS SLOIY opened at $62.71 on Monday. Soitec has a 12 month low of $13.13 and a 12 month high of $114.37. The company’s 50-day moving average price is $63.48 and its 200-day moving average price is $56.81.

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.