Soitec (OTCMKTS:SLOIF) Trading 11.7% Higher – Still a Buy?

Soitec SA (OTCMKTS:SLOIF)’s share price traded up 11.7% during mid-day trading on Monday . The company traded as high as $183.69 and last traded at $178.00. 1,545 shares were traded during mid-day trading, a decline of 92% from the average session volume of 18,718 shares. The stock had previously closed at $159.3523.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of Soitec to a “hold” rating in a research note on Thursday. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Soitec presently has a consensus rating of “Reduce”.

Soitec Trading Up 12.6%

The stock’s 50 day moving average is $135.93 and its 200-day moving average is $72.93. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.39 and a quick ratio of 1.85.

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.