Soitec (OTCMKTS:SLOIF) Sets New 12-Month Low – What’s Next?

Soitec SA (OTCMKTS:SLOIFGet Free Report)’s share price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $60.00 and last traded at $63.12, with a volume of 251 shares. The stock had previously closed at $83.19.

Soitec Stock Down 24.1 %

The firm’s fifty day simple moving average is $87.61 and its 200 day simple moving average is $99.73. The company has a current ratio of 3.88, a quick ratio of 3.15 and a debt-to-equity ratio of 0.45.

Soitec Company Profile

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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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