Shares of Soitec SA (OTCMKTS:SLOIF – Get Free Report) shot up 6.9% during trading on Friday. The company traded as high as $183.87 and last traded at $177.3287. 484 shares changed hands during mid-day trading, a decline of 96% from the average daily volume of 11,445 shares. The stock had previously closed at $165.82.
Soitec Trading Up 7.1%
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 firm has a 50 day moving average of $150.53 and a 200-day moving average of $137.52.
Soitec Company Profile
Soitec is a France-based semiconductor materials company that develops and manufactures engineered substrates used in the production of advanced electronic chips. Its materials are designed to improve semiconductor performance, power efficiency, operating speed and cost across applications including mobile communications, automotive systems, industrial equipment, artificial intelligence and consumer electronics.
The company is best known for silicon-on-insulator (SOI) substrates produced using its Smart Cut technology.
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