Soitec (OTCMKTS:SLOIF) Shares Gap Down - Should You Sell?

Key Points

• Soitec SA's share price saw a significant decline, gapping down from a previous close of $50.98 to an opening price of $46.15.
• Citigroup downgraded Soitec's rating from "hold" to a "strong sell", contributing to a consensus rating of "Sell" among analysts.
• The company's financial metrics include a debt-to-equity ratio of 0.24 and a quick ratio of 1.72, indicating relatively healthy liquidity.

Soitec SA (OTCMKTS:SLOIF - Get Free Report)'s share price gapped down prior to trading on Tuesday . The stock had previously closed at $50.98, but opened at $46.15. Soitec shares last traded at $46.15, with a volume of 4 shares traded.

Analyst Upgrades and Downgrades

Separately, Citigroup lowered Soitec from a "hold" rating to a "strong sell" rating in a research report on Tuesday, July 15th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Soitec presently has a consensus rating of "Sell".

Soitec Price Performance

The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.72 and a current ratio of 2.03. The company has a 50 day moving average price of $42.43 and a two-hundred day moving average price of $49.11.

Soitec Company Profile

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).

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