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

Key Points

• Soitec SA (OTCMKTS:SLOIF) shares hit a new 52-week low of $37.32, with a significant drop from a previous close of $38.60.
• Analysts have downgraded the company's stock from a "hold" to a "strong sell" rating, contributing to its average rating of "Sell".
• Soitec designs semiconductor materials for various applications, including smartphones, tablets, and automotive components.

Shares of Soitec SA (OTCMKTS:SLOIF - Get Free Report) reached a new 52-week low during trading on Tuesday . The stock traded as low as $37.32 and last traded at $37.32, with a volume of 2 shares traded. The stock had previously closed at $38.60.

Analysts Set New Price Targets

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

Soitec Stock Down 0.0%

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 company's fifty day simple moving average is $47.72 and its two-hundred day simple moving average is $52.17.

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).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.