Soitec (OTCMKTS:SLOIY) Trading 2.4% Higher – What’s Next?

Soitec SA (OTCMKTS:SLOIY)’s share price was up 2.4% during trading on Tuesday . The stock traded as high as $15.50 and last traded at $14.77. Approximately 2,300 shares traded hands during trading, an increase of 802% from the average daily volume of 255 shares. The stock had previously closed at $14.4250.

Wall Street Analyst Weigh In

Several equities research analysts have commented on SLOIY shares. UBS Group lowered Soitec from a “buy” rating to a “neutral” rating in a research report on Monday, November 24th. Citigroup reiterated a “sell” rating on shares of Soitec in a research note on Monday, November 24th. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Soitec has a consensus rating of “Hold”.

Soitec Price Performance

The stock has a 50-day moving average price of $13.59 and a 200 day moving average price of $19.33.

About Soitec

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.