Soitec SA (SLOIY) – What Are Brokerages Thinking About This Stock?

Soitec SA (OTCMKTS:SLOIY) has been given a consensus recommendation of “Hold” by the seven brokerages that are covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell recommendation and four have issued a buy recommendation on the company.

Several equities analysts recently weighed in on SLOIY shares. Oddo Bhf upgraded Soitec from a “neutral” rating to an “outperform” rating in a research report on Thursday, September 3rd. Citigroup restated a “sell” rating on shares of Soitec in a research report on Thursday, August 13th. Finally, Barclays raised Soitec from an “equal weight” rating to an “overweight” rating in a research report on Friday, September 18th.

Soitec Price Performance

Shares of OTCMKTS:SLOIY remained flat at $58.16 during midday trading on Friday. The stock had a trading volume of 89 shares, compared to its average volume of 6,379. Soitec has a 52-week low of $13.13 and a 52-week high of $114.37. The business has a 50-day simple moving average of $75.48 and a two-hundred day simple moving average of $59.88.

Soitec Company Profile

Soitec is a France-based semiconductor materials company that designs and manufactures engineered substrates used in the production of advanced semiconductor devices. Its technologies help improve chip performance, energy efficiency, radio-frequency capabilities and integration across a range of electronic applications. The company’s portfolio includes silicon-on-insulator (SOI) wafers, including radio-frequency SOI, fully depleted SOI and power SOI products, as well as silicon carbide substrates marketed under the SmartSiC name.