Soitec SA (OTCMKTS:SLOIY) Receives Consensus Rating of “Reduce” from Brokerages

Soitec SA (OTCMKTS:SLOIY) has been assigned an average recommendation of “Reduce” from the six brokerages that are presently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating on the company.

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

Soitec Stock Up 8.2%

Shares of SLOIY opened at $75.73 on Thursday. Soitec has a 1 year low of $13.13 and a 1 year high of $114.37. The business’s 50 day simple moving average is $66.02 and its 200-day simple moving average is $52.45.

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.