Soitec (OTCMKTS:SLOIF) Shares Down 7.5% – Should You Sell?

Soitec SA (OTCMKTS:SLOIF) was down 7.5% during mid-day trading on Monday . The stock traded as low as $31.12 and last traded at $31.12. Approximately 198 shares were traded during trading, a decline of 60% from the average daily volume of 490 shares. The stock had previously closed at $33.6338.

Soitec Stock Down 7.5%

The stock has a 50-day simple moving average of $30.05 and a 200-day simple moving average of $39.69. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.85 and a current ratio of 2.39.

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.