Zacks Research Upgrades Soitec (OTCMKTS:SLOIF) to “Hold”

Soitec (OTCMKTS:SLOIF) was upgraded by equities researchers at Zacks Research to a “hold” rating in a note issued to investors on Thursday,Zacks.com reports.

Soitec Stock Performance

Shares of OTCMKTS SLOIF opened at $159.35 on Thursday. The firm’s 50-day moving average price is $135.93 and its 200-day moving average price is $72.71. The company has a quick ratio of 1.85, a current ratio of 2.39 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.

About Soitec

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.