Shares of Soitec SA (OTCMKTS:SLOIF – Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $132.6650, but opened at $126.90. Soitec shares last traded at $127.40, with a volume of 1,115 shares traded.
Analyst Ratings Changes
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 and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce”.
Check Out Our Latest Stock Report on Soitec
Soitec Stock Down 17.1%
About Soitec
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.
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