Soitec SA (OTCMKTS:SLOIF – Get Free Report) dropped 12.7% on Tuesday . The stock traded as low as $115.70 and last traded at $117.00. Approximately 4,002 shares changed hands during mid-day trading, a decline of 77% from the average daily volume of 17,091 shares. The stock had previously closed at $134.00.
Analyst Upgrades and Downgrades
Separately, Zacks Research upgraded Soitec to a “hold” rating in a research report on Thursday, June 4th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce”.
Read Our Latest Report on SLOIF
Soitec Price Performance
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.
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