Soitec (OTCMKTS:SLOIF) Hits New 1-Year Low - Should You Sell?

Key Points

• Soitec SA shares reached a new 12-month low of $47.71, closing at $48.14 after a drop from the previous close of $56.40.
• Citigroup downgraded Soitec from a "hold" to a "strong sell" rating, indicating deteriorating market confidence in the stock.
• The company's financial indicators include a quick ratio of 1.72 and a low debt-to-equity ratio of 0.24, suggesting relatively strong liquidity.

Shares of Soitec SA (OTCMKTS:SLOIF - Get Free Report) reached a new 52-week low during mid-day trading on Monday . The company traded as low as $47.71 and last traded at $48.14, with a volume of 40 shares trading hands. The stock had previously closed at $56.40.

Wall Street Analysts Forecast Growth

Separately, Citigroup downgraded Soitec from a "hold" rating to a "strong sell" rating in a research note on Tuesday, July 15th.

Soitec Trading Down 14.6%

The business has a 50 day moving average price of $54.78 and a two-hundred day moving average price of $58.99. The company has a quick ratio of 1.72, a current ratio of 2.03 and a debt-to-equity ratio of 0.24.

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).