Soitec SA (OTCMKTS:SLOIF – Get Free Report) shares dropped 9.4% during mid-day trading on Tuesday. The company traded as low as $159.98 and last traded at $161.94. Approximately 275 shares were traded during trading, a decline of 98% from the average session volume of 11,404 shares. The stock had previously closed at $178.8145.
Soitec Stock Down 6.7%
The company’s fifty day simple moving average is $153.43 and its 200 day simple moving average is $140.48. The company has a quick ratio of 3.19, a current ratio of 3.89 and a debt-to-equity ratio of 0.39.
About Soitec
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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