Soitec SA (OTCMKTS:SLOIY) Given Consensus Recommendation of “Moderate Buy” by Analysts

Soitec SA (OTCMKTS:SLOIY) has received an average rating of “Moderate Buy” from the nine brokerages that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and seven have issued a buy recommendation on the company.

Separately, Barclays assumed coverage on shares of Soitec in a report on Wednesday, August 30th. They issued an “equal weight” rating for the company.

Soitec Stock Up 4.0 %

Shares of Soitec stock opened at $90.11 on Tuesday. Soitec has a 52-week low of $86.67 and a 52-week high of $90.12. The company has a 50-day simple moving average of $78.35 and a two-hundred day simple moving average of $77.63.

Soitec Company Profile

Soitec SA designs and manufactures semiconductor materials worldwide. Its products are used to manufacture chips that are used in smart phones, tablets, computers, IT servers, and data centers, as well as electronic components in cars, connected devices, and industrial and medical equipment. It offers Fully Depleted Silicon-On-Insulator (FD-SOI) for automotive radar and processors, and PD-SOI and FinFET-SOI products for high-performance computing markets.