Soitec (OTCMKTS:SLOIF) Shares Gap Down – Here’s Why

Soitec SA (OTCMKTS:SLOIF) gapped down prior to trading on Thursday . The stock had previously closed at $34.62, but opened at $30.05. Soitec shares last traded at $31.00, with a volume of 250 shares trading hands.

Soitec Stock Performance

The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.85 and a current ratio of 2.39. The stock’s 50 day simple moving average is $29.90 and its two-hundred day simple moving average is $40.14.

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.