Analysts at Credit Suisse Group began coverage on shares of Soitec (OTCMKTS:SLOIY) in a report released on Thursday, The Fly reports. The brokerage set an “outperform” rating on the stock.
Several other equities research analysts have also commented on SLOIY. JPMorgan Chase & Co. lowered Soitec from an “overweight” rating to a “neutral” rating in a research note on Wednesday, December 8th. Morgan Stanley assumed coverage on Soitec in a report on Monday, December 20th. They set an “equal weight” rating on the stock. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.
OTCMKTS:SLOIY opened at $131.90 on Thursday. Soitec has a 12 month low of $82.70 and a 12 month high of $135.00. The stock has a 50 day moving average of $132.02 and a two-hundred day moving average of $120.17.
Soitec SA designs and manufactures semiconductor materials. The company operates through two segments: Electronics and Others Business. The Electronics segment provides services to semiconductor sector, producing and marketing substrates and components. The Others Business segment operates in Solar Energy sector, which also provides financing activities related to the Touwsrivier solar power plant in South Africa, as well as certain ongoing maintenance activities, primarily in Europe and the United States.
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