Soitec (OTCMKTS:SLOIF) Shares Gap Up – Should You Buy?

Soitec SA (OTCMKTS:SLOIF) gapped up prior to trading on Monday . The stock had previously closed at $126.34, but opened at $136.42. Soitec shares last traded at $134.4850, with a volume of 191 shares changing hands.

Analysts Set New Price Targets

Separately, Zacks Research raised Soitec to a “hold” rating in a research report on Thursday, June 4th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Soitec presently has a consensus rating of “Reduce”.

Soitec Stock Down 0.4%

The company’s fifty day moving average price is $159.70 and its 200 day moving average price is $84.98. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.39 and a quick ratio of 1.85.

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.