Soitec (OTCMKTS:SLOIF) Shares Gap Up – Here’s Why

Soitec SA (OTCMKTS:SLOIF)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $28.7880, but opened at $31.24. Soitec shares last traded at $31.24, with a volume of 300 shares traded.

Soitec Stock Up 8.5%

The business has a 50-day simple moving average of $43.89 and a two-hundred day simple moving average of $47.04. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.03 and a quick ratio of 1.72.

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 provides CONNECT Radio Frequency Silicon-on-Insulator (RF-SOI) for smartphone front-end modules; CONNECT Piezoelectric-on-Insulator RF filters for smartphone; and CONNECT RF gallium nitride for 5g infrastructure base stations and smartphones, as well as CONNECT Fully Depleted Silicon-On-Insulator (FD-SOI).