Soitec (OTCMKTS:SLOIF) Shares Gap Up – Here’s Why

Shares of Soitec SA (OTCMKTS:SLOIF) gapped up prior to trading on Monday . The stock had previously closed at $162.23, but opened at $171.87. Soitec shares last traded at $178.00, with a volume of 379 shares trading hands.

Analyst Ratings Changes

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

Soitec Price Performance

The firm’s 50-day simple moving average is $133.29 and its 200 day simple moving average is $126.13. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.19 and a current ratio of 3.89.

Soitec Company Profile

Soitec is a France-based semiconductor materials company that develops and manufactures engineered substrates used in the production of advanced semiconductor devices. Its substrates are designed to improve chip performance, energy efficiency, and integration while supporting more specialized manufacturing processes than conventional silicon wafers.

The company’s product portfolio includes silicon-on-insulator (SOI) substrates, including RF-SOI for radio-frequency applications and FD-SOI for low-power integrated circuits.