Soitec SA (OTCMKTS:SLOIY) Stock Rated “Hold” by Sell-Side Brokerages

Shares of Soitec SA (OTCMKTS:SLOIY) have been assigned an average recommendation of “Hold” from the seven ratings firms that are presently covering the company, Marketbeat reports. Three analysts have rated the stock with a sell recommendation and four have given a buy recommendation to the company.

SLOIY has been the topic of a number of research analyst reports. Citigroup restated a “sell” rating on shares of Soitec in a research note on Thursday, August 13th. Oddo Bhf raised Soitec from a “neutral” rating to an “outperform” rating in a research note on Thursday, September 3rd. UBS Group cut Soitec from a “neutral” rating to a “sell” rating in a research note on Monday, June 15th. Barclays upgraded Soitec from an “equal weight” rating to an “overweight” rating in a report on Friday, September 18th. Finally, Jefferies Financial Group downgraded shares of Soitec from a “hold” rating to an “underperform” rating in a research report on Wednesday, June 10th.

Soitec Trading Down 5.2%

OTCMKTS SLOIY opened at $83.00 on Friday. Soitec has a 1 year low of $13.13 and a 1 year high of $114.37. The firm’s 50 day simple moving average is $69.66 and its 200 day simple moving average is $64.86.

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.