Soitec (OTCMKTS:SLOIY) Shares Down 24.2%

Soitec SA (OTCMKTS:SLOIYGet Free Report)’s stock price traded down 24.2% during mid-day trading on Thursday . The company traded as low as $51.73 and last traded at $51.73. 5,906 shares were traded during trading, an increase of 781% from the average session volume of 670 shares. The stock had previously closed at $68.25.

Soitec Stock Performance

The stock has a 50-day moving average of $72.71 and a 200-day moving average of $79.24.

About Soitec

(Get Free Report)

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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