Soitec (OTCMKTS:SLOIF) Sees Large Volume Increase – Here’s What Happened

Shares of Soitec SA (OTCMKTS:SLOIFGet Free Report) saw unusually-strong trading volume on Tuesday . Approximately 1,000 shares changed hands during trading, an increase of 67% from the previous session’s volume of 600 shares.The stock last traded at $32.00 and had previously closed at $31.7520.

Soitec Stock Performance

The firm has a 50 day moving average price of $31.67 and a 200 day moving average price of $41.67.

About Soitec

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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.

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