Soitec (OTCMKTS:SLOIF) Shares Down 0% - Time to Sell?

Key Points

• Soitec's stock price remained flat on Thursday, trading at $42.18, with a significant increase in trading volume of approximately 2,400% compared to the average daily volume.
• Citigroup downgraded Soitec's rating from "hold" to "strong sell," contributing to the stock’s consensus rating of "Sell" based on analyst evaluations.
• The company's semiconductor products are essential for various technologies, including smartphones, data centers, and 5G infrastructure, showcasing a broad application in the tech industry.

Soitec SA (OTCMKTS:SLOIF - Get Free Report)'s share price dropped 0% during trading on Thursday . The company traded as low as $42.18 and last traded at $42.18. Approximately 100 shares were traded during trading, an increase of 2,400% from the average daily volume of 4 shares. The stock had previously closed at $42.19.

Wall Street Analysts Forecast Growth

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

Soitec Stock Down 11.1%

The business has a fifty day simple moving average of $48.89 and a 200-day simple moving average of $52.74. The company has a quick ratio of 1.72, a current ratio of 2.03 and a debt-to-equity ratio of 0.24.

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).