Soitec (OTCMKTS:SLOIF) Hits New 52-Week Low - Here's Why

Key Points

• Soitec SA shares have hit a new 52-week low, trading at $42.19, down from a prior close of $48.14, with a volume of only 80 shares.
• Analysts at Citigroup have downgraded Soitec from a "hold" rating to a "strong sell" rating, reflecting a bearish outlook.
• The company's debt-to-equity ratio is 0.24, with a current ratio of 2.03 and a quick ratio of 1.72, indicating potential liquidity strength despite recent stock performance issues.

Soitec SA (OTCMKTS:SLOIF - Get Free Report) reached a new 52-week low during trading on Monday . The company traded as low as $42.19 and last traded at $42.19, with a volume of 80 shares changing hands. The stock had previously closed at $48.14.

Analysts Set New Price Targets

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

Soitec Stock Performance

The business's 50-day simple moving average is $53.98 and its 200 day simple moving average is $57.42. The company has a current ratio of 2.03, a quick ratio of 1.72 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).