Soitec (OTCMKTS:SLOIF) Shares Gap Down – What’s Next?

Shares of Soitec SA (OTCMKTS:SLOIFGet Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $34.70, but opened at $32.2650. Soitec shares last traded at $32.2650, with a volume of 200 shares traded.

Soitec Stock Performance

The company’s 50 day moving average price is $30.50 and its two-hundred day moving average price is $40.84.

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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