Soitec (OTCMKTS:SLOIF) Stock Price Up 16.1% – Here’s What Happened

Shares of Soitec SA (OTCMKTS:SLOIF) shot up 16.1% on Thursday . The stock traded as high as $164.4161 and last traded at $164.00. Approximately 131 shares changed hands during trading, a decline of 99% from the average session volume of 12,545 shares. The stock had previously closed at $141.3170.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded Soitec to a “hold” rating in a report on Thursday, June 4th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

Soitec Trading Up 0.4%

The firm’s 50-day simple moving average is $131.60 and its 200 day simple moving average is $124.58. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.19 and a current ratio of 3.89.

Soitec Company Profile

Soitec is a France-based semiconductor materials company that develops and manufactures engineered substrates used in the production of advanced semiconductor devices. Its substrates are designed to improve chip performance, energy efficiency, and integration while supporting more specialized manufacturing processes than conventional silicon wafers.

The company’s product portfolio includes silicon-on-insulator (SOI) substrates, including RF-SOI for radio-frequency applications and FD-SOI for low-power integrated circuits.