Soitec (OTCMKTS:SLOIF) Reaches New 52-Week Low – Here’s Why

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

Soitec Stock Down 7.4 %

The business’s fifty day moving average is $87.24 and its two-hundred day moving average is $99.00. The company has a quick ratio of 3.15, a current ratio of 3.88 and a debt-to-equity ratio of 0.45.

About Soitec

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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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