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

Soitec SA (OTCMKTS:SLOIFGet Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $28.7880, but opened at $31.24. Soitec shares last traded at $31.24, with a volume of 300 shares changing hands.

Soitec Price Performance

The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.72 and a current ratio of 2.03. The business has a 50-day moving average price of $43.89 and a 200 day moving average price of $47.04.

Soitec Company Profile

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Soitec SA designs and manufactures semiconductor materials worldwide. Its products are used to manufacture chips that are used in smart phones, tablets, computers, IT servers, and data centers, as well as electronic components in cars, connected devices, and industrial and medical equipment. It provides CONNECT Radio Frequency Silicon-on-Insulator (RF-SOI) for smartphone front-end modules; CONNECT Piezoelectric-on-Insulator RF filters for smartphone; and CONNECT RF gallium nitride for 5g infrastructure base stations and smartphones, as well as CONNECT Fully Depleted Silicon-On-Insulator (FD-SOI).

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