Soitec (OTCMKTS:SLOIY) Trading Up 9.9% – Should You Buy?

Soitec SA (OTCMKTS:SLOIY)’s share price rose 9.9% during mid-day trading on Thursday . The company traded as high as $14.4250 and last traded at $14.4250. Approximately 131 shares changed hands during trading, a decline of 28% from the average daily volume of 183 shares. The stock had previously closed at $13.13.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Citigroup restated a “sell” rating on shares of Soitec in a research report on Monday, November 24th. UBS Group cut Soitec from a “buy” rating to a “neutral” rating in a report on Monday, November 24th. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Soitec presently has an average rating of “Hold”.

Soitec Price Performance

The stock’s fifty day simple moving average is $18.91 and its 200-day simple moving average is $22.08.

Soitec Company Profile

Soitec is a France-based technology company specializing in the design and manufacture of advanced semiconductor materials. The company pioneered Smart Cut™ technology, which enables the production of Silicon-On-Insulator (SOI) wafers and other engineered substrates with superior electrical and thermal properties. Founded in 1992 as a spin-off from the French Atomic Energy Commission (CEA), Soitec has grown into a leading supplier of high-performance materials for the global electronics industry.

Soitec’s product portfolio includes RF-SOI substrates for 5G and mobile communications, Power-SOI for energy-efficient power management, and FD-SOI for ultra-low-power applications in IoT and automotive markets.