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

Soitec SA (OTCMKTS:SLOIY) has been given an average recommendation of “Reduce” by the seven research firms that are currently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and two have assigned a buy recommendation to the company.

A number of research analysts have recently commented on the company. Morgan Stanley reissued an “overweight” rating on shares of Soitec in a report on Tuesday, May 19th. Deutsche Bank Aktiengesellschaft reissued 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. Oddo Bhf lowered Soitec to a “neutral” rating in a report on Tuesday, April 28th. Finally, Jefferies Financial Group lowered Soitec from a “hold” rating to an “underperform” rating in a report on Wednesday, June 10th.

Soitec Price Performance

Shares of SLOIY opened at $74.63 on Wednesday. Soitec has a one year low of $13.13 and a one year high of $114.37. The stock’s fifty day moving average is $74.78 and its 200-day moving average is $38.22.

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.