Soitec (OTCMKTS:SLOIY) Trading Down 5.2% – Here’s Why

Shares of Soitec SA (OTCMKTS:SLOIYGet Free Report) traded down 5.2% on Thursday . The stock traded as low as $29.95 and last traded at $29.95. 202 shares traded hands during mid-day trading, a decline of 45% from the average session volume of 369 shares. The stock had previously closed at $31.58.

Soitec Stock Performance

The business has a 50-day moving average price of $35.52 and a 200-day moving average price of $47.53.

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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