Soitec SA (OTCMKTS:SLOIY) Receives Average Rating of “Hold” from Analysts

Soitec SA (OTCMKTS:SLOIY – Get Free Report) has received a consensus recommendation of “Hold” from the seven research firms that are currently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a sell recommendation and four have issued a buy recommendation on the company.

A number of brokerages have recently issued reports on SLOIY. Jefferies Financial Group downgraded shares of Soitec from a “hold” rating to an “underperform” rating in a report on Wednesday, June 10th. Citigroup reissued a “sell” rating on shares of Soitec in a report on Thursday, August 13th. Barclays upgraded shares of Soitec from an “equal weight” rating to an “overweight” rating in a research report on Friday, September 18th. UBS Group downgraded shares of Soitec from a “neutral” rating to a “sell” rating in a research note on Monday, June 15th. Finally, Oddo Bhf raised Soitec from a “neutral” rating to an “outperform” rating in a research report on Thursday, September 3rd.

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Soitec Price Performance

OTCMKTS SLOIY opened at $83.00 on Friday. The company’s 50 day moving average is $69.66 and its 200-day moving average is $64.86. Soitec has a 12-month low of $13.13 and a 12-month high of $114.37.

Soitec Company Profile

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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.

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