Soitec (OTCMKTS:SLOIF) Shares Gap Up – Still a Buy?

Shares of Soitec SA (OTCMKTS:SLOIF) gapped up before the market opened on Wednesday . The stock had previously closed at $108.9352, but opened at $118.97. Soitec shares last traded at $111.90, with a volume of 28 shares.

Analyst Ratings Changes

Separately, Zacks Research upgraded Soitec to a “hold” rating in a research note on Thursday, June 4th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Soitec has a consensus rating of “Hold”.

Soitec Price Performance

The company has a quick ratio of 3.19, a current ratio of 3.89 and a debt-to-equity ratio of 0.39. The stock has a 50 day moving average of $155.59 and a 200 day moving average of $94.05.

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.