Soitec SA (OTCMKTS:SLOIF – Get Free Report) shares rose 12.2% during mid-day trading on Monday . The company traded as high as $172.90 and last traded at $170.00. Approximately 2,831 shares changed hands during mid-day trading, a decline of 85% from the average daily volume of 18,864 shares. The stock had previously closed at $151.5050.
Soitec Trading Down 6.0%
The stock has a fifty day simple moving average of $79.44 and a 200-day simple moving average of $51.59. The company has a quick ratio of 1.85, a current ratio of 2.39 and a debt-to-equity ratio of 0.36.
About Soitec
Soitec is a France‐based semiconductor materials company specializing in the design and manufacture of engineered substrates for the microelectronics industry. Its core technology, known as Smart Cut®, enables the production of high-performance wafers such as silicon-on-insulator (SOI), gallium nitride-on-insulator (GaN-OI) and other advanced material platforms. These substrates are used by semiconductor manufacturers to improve device performance, reduce power consumption and integrate new functions in applications ranging from mobile devices to data centers.
The company’s product portfolio includes a variety of engineered wafers tailored for radio frequency (RF) applications, power management, and photonics.
Further Reading
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