Soitec SA (SLOIY) – What Are Investment Firms Thinking About This Stock?

Shares of Soitec SA (OTCMKTS:SLOIY) have earned an average recommendation of “Hold” from the seven ratings firms that are currently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a sell recommendation and four have assigned a buy recommendation to the company.

SLOIY has been the topic of a number of recent analyst reports. Barclays upgraded shares of Soitec from an “equal weight” rating to an “overweight” rating in a report on Friday, September 18th. Citigroup reissued a “sell” rating on shares of Soitec in a research report on Thursday, August 13th. Finally, Oddo Bhf upgraded shares of Soitec from a “neutral” rating to an “outperform” rating in a report on Thursday, September 3rd.

Soitec Stock Performance

OTCMKTS:SLOIY opened at $70.80 on Tuesday. Soitec has a fifty-two week low of $13.13 and a fifty-two week high of $114.37. The firm has a 50-day simple moving average of $77.54 and a two-hundred day simple moving average of $71.38.

About Soitec

Soitec is a France-based semiconductor materials company that develops and manufactures engineered substrates used in advanced electronic and microelectronic applications. Its materials are supplied to semiconductor manufacturers and support products in mobile communications, automotive systems, artificial intelligence, consumer electronics, industrial equipment and other markets.

The company is best known for silicon-on-insulator (SOI) wafers, including RF-SOI substrates for radio-frequency components, fully depleted SOI materials for energy-efficient processors and other advanced chips, and power-oriented substrates.