Soitec (OTCMKTS:SLOIF) Shares Down 14.8% – Here’s What Happened

Soitec SA (OTCMKTS:SLOIF) dropped 14.8% during mid-day trading on Wednesday . The company traded as low as $130.70 and last traded at $130.70. 3 shares changed hands during trading, a decline of 100% from the average daily volume of 14,061 shares. The stock had previously closed at $153.3520.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of Soitec to a “hold” rating in a report on Thursday, June 4th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Soitec has an average rating of “Hold”.

Soitec Stock Up 0.2%

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 fifty day moving average price is $128.89 and its two-hundred day moving average price is $111.26.

Soitec Company Profile

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.