Soitec (OTCMKTS:SLOIF) Shares Up 8.9% – Here’s Why

Soitec SA (OTCMKTS:SLOIFGet Free Report) shares were up 8.9% during mid-day trading on Friday . The stock traded as high as $31.35 and last traded at $31.35. Approximately 5 shares were traded during trading, a decline of 98% from the average daily volume of 298 shares. The stock had previously closed at $28.7880.

Soitec Trading Up 8.9%

The company has a current ratio of 2.03, a quick ratio of 1.72 and a debt-to-equity ratio of 0.24. The firm has a fifty day moving average price of $43.41 and a 200-day moving average price of $46.82.

Soitec Company Profile

(Get Free Report)

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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