Soitec (OTCMKTS:SLOIF) Shares Gap Down – Here’s What Happened

Soitec SA (OTCMKTS:SLOIF)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $130.35, but opened at $108.82. Soitec shares last traded at $106.9950, with a volume of 256 shares traded.

Analyst Ratings Changes

Separately, Zacks Research upgraded Soitec to a “hold” rating in a research report on Thursday, June 4th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

Soitec Stock Performance

The company has a current ratio of 3.89, a quick ratio of 3.19 and a debt-to-equity ratio of 0.39. The business’s 50-day simple moving average is $143.89 and its 200-day simple moving average is $99.64.

Soitec Company Profile

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.