Soitec SA (OTCMKTS:SLOIY) Given Consensus Rating of “Reduce” by Brokerages

Shares of Soitec SA (OTCMKTS:SLOIY) have been assigned a consensus recommendation of “Reduce” from the seven ratings firms that are covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and two have given a buy recommendation to the company.

SLOIY has been the topic of a number of research analyst reports. Jefferies Financial Group lowered Soitec from a “hold” rating to an “underperform” rating in a report on Wednesday, June 10th. Morgan Stanley reaffirmed an “overweight” rating on shares of Soitec in a report on Tuesday, May 19th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Soitec in a report on Friday, May 15th. UBS Group lowered Soitec from a “neutral” rating to a “sell” rating in a report on Monday. Finally, Oddo Bhf lowered Soitec to a “neutral” rating in a report on Tuesday, April 28th.

Soitec Stock Down 7.2%

OTCMKTS:SLOIY opened at $74.63 on Wednesday. The business’s 50-day moving average price is $74.78 and its 200 day moving average price is $38.22. Soitec has a 52-week low of $13.13 and a 52-week high of $114.37.

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.