Soitec SA (OTCMKTS:SLOIF – Get Free Report) shares dropped 9.4% during trading on Tuesday. The company traded as low as $159.98 and last traded at $161.94. 275 shares traded hands during trading, a decline of 98% from the average daily volume of 11,404 shares. The stock had previously closed at $178.8145.
Soitec Stock Performance
The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.19 and a current ratio of 3.89. The business has a fifty day simple moving average of $152.65 and a two-hundred day simple moving average of $139.14.
Soitec Company Profile
Soitec is a France-based semiconductor materials company that develops and manufactures engineered substrates used in the production of advanced electronic chips. Its materials are designed to improve semiconductor performance, power efficiency, operating speed and cost across applications including mobile communications, automotive systems, industrial equipment, artificial intelligence and consumer electronics.
The company is best known for silicon-on-insulator (SOI) substrates produced using its Smart Cut technology.
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