Soitec (OTCMKTS:SLOIY) Shares Down 10.7%

Soitec SA (OTCMKTS:SLOIYGet Free Report)’s share price was down 10.7% during trading on Thursday . The stock traded as low as $52.00 and last traded at $52.00. Approximately 400 shares changed hands during trading, an increase of 1% from the average daily volume of 397 shares. The stock had previously closed at $58.23.

Soitec Price Performance

The business has a 50 day simple moving average of $61.37 and a two-hundred day simple moving average of $59.02.

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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