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

Soitec SA (OTCMKTS:SLOIF) shares gapped up prior to trading on Tuesday. The stock had previously closed at $166.22, but opened at $173.6550. Soitec shares last traded at $173.6550, with a volume of 40 shares trading hands.

Analyst Upgrades and Downgrades

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

Soitec Price Performance

The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.19 and a current ratio of 3.89. The firm’s 50 day moving average price is $140.84 and its two-hundred day moving average price is $131.19.

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.