Soitec (OTCMKTS:SLOIF) Upgraded to Strong-Buy at New Street Research

New Street Research upgraded shares of Soitec (OTCMKTS:SLOIFFree Report) to a strong-buy rating in a research report sent to investors on Friday, reports.

Soitec Price Performance

OTCMKTS SLOIF remained flat at $103.60 during trading hours on Friday. Soitec has a 1 year low of $96.95 and a 1 year high of $180.20. The company has a 50 day moving average price of $107.66 and a 200-day moving average price of $148.22. The company has a quick ratio of 2.89, a current ratio of 3.64 and a debt-to-equity ratio of 0.44.

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 offers Fully Depleted Silicon-On-Insulator (FD-SOI) for automotive radar and processors, and PD-SOI and FinFET-SOI products for high-performance computing markets.

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