Soitec (OTCMKTS:SLOIF) Shares Gap Up – Still a Buy?

Shares of Soitec SA (OTCMKTS:SLOIF) gapped up prior to trading on Thursday . The stock had previously closed at $127.2750, but opened at $133.9560. Soitec shares last traded at $131.5750, with a volume of 670 shares.

Wall Street Analyst Weigh In

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

Soitec Stock Performance

The company has a quick ratio of 3.19, a current ratio of 3.89 and a debt-to-equity ratio of 0.39. The business has a fifty day simple moving average of $126.42 and a two-hundred day simple moving average of $114.56.

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.