Soitec (OTCMKTS:SLOIF) Stock Rating Lowered by Citigroup

Soitec (OTCMKTS:SLOIF) was downgraded by investment analysts at Citigroup from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Soitec Price Performance

SLOIF opened at $56.40 on Tuesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.03 and a quick ratio of 1.72. Soitec has a 52-week low of $48.35 and a 52-week high of $131.90. The stock’s 50 day moving average price is $53.67 and its 200-day moving average price is $61.79.

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).