Soitec (OTCMKTS:SLOIF) Trading Down 0% - Here's What Happened

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) shares fell 0% during mid-day trading on Thursday . The company traded as low as $42.18 and last traded at $42.18. 100 shares were traded during mid-day trading, an increase of 2,400% from the average session volume of 4 shares. The stock had previously closed at $42.19.

Analyst Ratings Changes

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

Soitec Stock Performance

The firm's 50 day moving average is $49.98 and its 200 day moving average is $53.08. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.72 and a current ratio of 2.03.

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).