Soitec SA (OTCMKTS:SLOIF – Get Free Report) dropped 11.2% on Monday . The stock traded as low as $143.70 and last traded at $143.70. 11 shares traded hands during mid-day trading, a decline of 100% from the average daily volume of 12,636 shares. The stock had previously closed at $161.86.
Analysts Set New Price Targets
Separately, Zacks Research upgraded Soitec to a “hold” rating in a report on Thursday, June 4th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Soitec has a consensus rating of “Hold”.
Read Our Latest Report on SLOIF
Soitec Stock Up 0.5%
Soitec Company Profile
Soitec is a France-based semiconductor materials company that develops and manufactures engineered substrates used in the production of advanced semiconductor devices. Its substrates are designed to improve chip performance, energy efficiency, and integration while supporting more specialized manufacturing processes than conventional silicon wafers.
The company’s product portfolio includes silicon-on-insulator (SOI) substrates, including RF-SOI for radio-frequency applications and FD-SOI for low-power integrated circuits.
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