Soitec SA (OTCMKTS:SLOIF – Get Free Report)’s stock price traded up 6.9% during mid-day trading on Wednesday. The company traded as high as $177.77 and last traded at $177.77. 145 shares were traded during trading, a decline of 99% from the average daily volume of 11,915 shares. The stock had previously closed at $166.22.
Wall Street Analysts Forecast Growth
Separately, Zacks Research raised shares of Soitec to a “hold” rating in a research report on Thursday, June 4th. One analyst has rated the stock with a Hold rating, According to MarketBeat, Soitec presently has a consensus rating of “Hold”.
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Soitec Stock Performance
About Soitec
Soitec is a France-based semiconductor materials company that develops and manufactures engineered substrates used in the production of advanced electronic chips. Its materials are designed to improve semiconductor performance, power efficiency, operating speed and cost across applications including mobile communications, automotive systems, industrial equipment, artificial intelligence and consumer electronics.
The company is best known for silicon-on-insulator (SOI) substrates produced using its Smart Cut technology.
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