Soitec SA (OTCMKTS:SLOIY) Given Consensus Recommendation of “Reduce” by Analysts

Soitec SA (OTCMKTS:SLOIY) has received an average rating of “Reduce” from the seven analysts that are presently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company.

A number of analysts recently commented on the company. Morgan Stanley reaffirmed an “overweight” rating on shares of Soitec in a research note on Tuesday, May 19th. Jefferies Financial Group lowered shares of Soitec from a “hold” rating to an “underperform” rating in a research report on Wednesday, June 10th. Oddo Bhf downgraded Soitec to a “neutral” rating in a report on Tuesday, April 28th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Soitec in a report on Friday, May 15th. Finally, UBS Group downgraded Soitec from a “neutral” rating to a “sell” rating in a research report on Monday, June 15th.

Soitec Price Performance

Shares of SLOIY opened at $69.24 on Thursday. Soitec has a 1-year low of $13.13 and a 1-year high of $114.37. The firm has a 50 day simple moving average of $68.68 and a 200-day simple moving average of $50.42.

Soitec Company Profile

Soitec is a France-based technology company specializing in the design and manufacture of advanced semiconductor materials. The company pioneered Smart Cut™ technology, which enables the production of Silicon-On-Insulator (SOI) wafers and other engineered substrates with superior electrical and thermal properties. Founded in 1992 as a spin-off from the French Atomic Energy Commission (CEA), Soitec has grown into a leading supplier of high-performance materials for the global electronics industry.

Soitec’s product portfolio includes RF-SOI substrates for 5G and mobile communications, Power-SOI for energy-efficient power management, and FD-SOI for ultra-low-power applications in IoT and automotive markets.