Soitec (OTCMKTS:SLOIF) Rating Increased to Hold at Zacks Research

Zacks Research upgraded shares of Soitec (OTCMKTS:SLOIF) to a hold rating in a report released on Thursday morning,Zacks.com reports.

Soitec Trading Down 12.9%

Shares of SLOIF opened at $159.35 on Thursday. The stock has a fifty day moving average price of $135.93 and a two-hundred day moving average price of $72.71. The company has a current ratio of 2.39, a quick ratio of 1.85 and a debt-to-equity ratio of 0.36. Soitec has a 52-week low of $24.57 and a 52-week high of $226.22.

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.