Soitec (OTCMKTS:SLOIY) Shares Down 24.2%

Soitec SA (OTCMKTS:SLOIYGet Free Report)’s share price was down 24.2% during trading on Thursday . The stock traded as low as $51.73 and last traded at $51.73. Approximately 5,906 shares traded hands during trading, an increase of 781% from the average daily volume of 670 shares. The stock had previously closed at $68.25.

Soitec Trading Down 24.2 %

The firm’s 50-day simple moving average is $72.71 and its 200 day simple moving average is $79.24.

Soitec Company Profile

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Soitec SA designs and manufactures semiconductor materials worldwide. Its products are used to manufacture chips that are used in smart phones, tablets, computers, IT servers, and data centers, as well as electronic components in cars, connected devices, and industrial and medical equipment. It offers Fully Depleted Silicon-On-Insulator (FD-SOI) for automotive radar and processors, and PD-SOI and FinFET-SOI products for high-performance computing markets.

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