Soitec SA (OTCMKTS:SLOIF – Get Free Report) rose 6.9% on Wednesday. The stock traded as high as $177.77 and last traded at $177.77. Approximately 145 shares changed hands during mid-day trading, a decline of 99% from the average daily volume of 11,915 shares. The stock had previously closed at $166.22.
Wall Street Analyst Weigh In
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, According to MarketBeat, the company currently has a consensus rating of “Hold”.
Check Out Our Latest Research Report on SLOIF
Soitec Stock Performance
Soitec Company Profile
Soitec is a France-based semiconductor materials company that develops and manufactures engineered substrates used in the production of advanced electronic chips. Its materials are designed to improve semiconductor performance, power efficiency, operating speed and cost across applications including mobile communications, automotive systems, industrial equipment, artificial intelligence and consumer electronics.
The company is best known for silicon-on-insulator (SOI) substrates produced using its Smart Cut technology.
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