Citigroup lowered shares of Soitec (OTCMKTS:SLOIF - Free Report) from a hold rating to a strong sell rating in a report issued on Tuesday morning,Zacks.com reports.
Soitec Stock Performance
Shares of Soitec stock remained flat at $56.40 on Tuesday. The company's 50-day moving average price is $53.99 and its 200 day moving average price is $61.32. The company has a current ratio of 2.03, a quick ratio of 1.72 and a debt-to-equity ratio of 0.24. Soitec has a fifty-two week low of $48.35 and a fifty-two week high of $131.90.
Soitec Company Profile
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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).
Further Reading
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