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

Soitec SA (OTCMKTS:SLOIF) gapped up prior to trading on Thursday . The stock had previously closed at $109.6280, but opened at $128.88. Soitec shares last traded at $134.34, with a volume of 1,972 shares traded.

Analysts Set New Price Targets

Separately, Zacks Research upgraded Soitec to a “hold” rating in a research report on Thursday, June 4th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Soitec currently has a consensus rating of “Hold”.

Soitec Trading Down 1.8%

The company’s 50 day moving average is $147.31 and its 200 day moving average is $97.31. The company has a quick ratio of 3.19, a current ratio of 3.89 and a debt-to-equity ratio of 0.39.

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.