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

Soitec SA (OTCMKTS:SLOIFGet Free Report) shares gapped down prior to trading on Thursday . The stock had previously closed at $34.62, but opened at $30.05. Soitec shares last traded at $31.00, with a volume of 250 shares.

Soitec Stock Performance

The company’s fifty day moving average is $30.05 and its 200 day moving average is $39.92. The company has a current ratio of 2.39, a quick ratio of 1.85 and a debt-to-equity ratio of 0.36.

Soitec Company Profile

(Get Free Report)

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.

Featured Articles

Receive News & Ratings for Soitec Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Soitec and related companies with MarketBeat.com's FREE daily email newsletter.