Soitec (OTCMKTS:SLOIF) Reaches New 1-Year Low - Time to Sell?

Key Points

• Soitec SA (OTCMKTS:SLOIF) shares hit a new 52-week low at $37.51, down from a previous close of $42.18, with low trading volume of only 50 shares.
• Citigroup downgraded the stock from a "hold" rating to a "strong sell" rating, and current consensus among analysts for the stock is a rating of "Sell."
• Soitec designs and manufactures semiconductor materials used in various electronics including smartphones, tablets, and data centers.

Soitec SA (OTCMKTS:SLOIF - Get Free Report) hit a new 52-week low during trading on Wednesday . The stock traded as low as $37.51 and last traded at $37.51, with a volume of 50 shares trading hands. The stock had previously closed at $42.18.

Analyst Upgrades and Downgrades

Separately, Citigroup cut shares of Soitec from a "hold" rating to a "strong sell" rating in a research note on Tuesday, July 15th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of "Sell".

Soitec Price Performance

The company has a current ratio of 2.03, a quick ratio of 1.72 and a debt-to-equity ratio of 0.24. The business's 50-day simple moving average is $48.10 and its 200-day simple moving average is $52.38.

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 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).