Citigroup cut shares of Soitec (OTCMKTS:SLOIF - Free Report) from a hold rating to a strong sell rating in a report released on Tuesday morning,Zacks.com reports.
Soitec Stock Performance
Shares of Soitec stock remained flat at $56.40 during trading hours on Tuesday. The firm's 50-day simple moving average is $53.67 and its two-hundred day simple moving average is $61.79. Soitec has a 1 year low of $48.35 and a 1 year high of $131.90. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.03 and a quick ratio of 1.72.
About Soitec
(
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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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