Shares of Soitec SA (OTCMKTS:SLOIY – Get Free Report) traded up 9.9% on Thursday . The stock traded as high as $14.4250 and last traded at $14.4250. 131 shares changed hands during trading, a decline of 28% from the average session volume of 183 shares. The stock had previously closed at $13.13.
Analysts Set New Price Targets
Several analysts recently weighed in on SLOIY shares. Citigroup reaffirmed a “sell” rating on shares of Soitec in a research note on Monday, November 24th. UBS Group cut shares of Soitec from a “buy” rating to a “neutral” rating in a report on Monday, November 24th. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.
View Our Latest Research Report on Soitec
Soitec Trading Up 9.9%
About Soitec
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 offers Fully Depleted Silicon-On-Insulator (FD-SOI) for automotive radar and processors, and PD-SOI and FinFET-SOI products for high-performance computing markets.
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