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

Soitec SA (OTCMKTS:SLOIF) gapped up prior to trading on Wednesday . The stock had previously closed at $151.51, but opened at $162.56. Soitec shares last traded at $164.50, with a volume of 163 shares changing hands.

Analysts Set New Price Targets

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

Soitec Trading Down 1.0%

The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.19 and a current ratio of 3.89. The stock has a 50-day moving average of $128.05 and a 200 day moving average of $120.07.

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.