Soitec (OTCMKTS:SLOIY) Rating Lowered to Underweight at JPMorgan Chase & Co.

Soitec (OTCMKTS:SLOIY – Get Rating) was downgraded by stock analysts at JPMorgan Chase & Co. from a “neutral” rating to an “underweight” rating in a note issued to investors on Friday, The Fly reports.

A number of other brokerages also recently weighed in on SLOIY. Jefferies Financial Group raised shares of Soitec from a “hold” rating to a “buy” rating in a report on Wednesday, April 19th. Sanford C. Bernstein started coverage on shares of Soitec in a report on Wednesday, January 18th. They issued an “outperform” rating on the stock. Finally, Susquehanna initiated coverage on shares of Soitec in a report on Monday, May 8th. They issued a “positive” rating on the stock. One investment analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Soitec has an average rating of “Moderate Buy” and an average price target of $221.40.

Soitec Stock Performance

OTCMKTS:SLOIY opened at $75.95 on Friday. The firm’s 50 day simple moving average is $76.36 and its 200 day simple moving average is $80.09. Soitec has a one year low of $66.93 and a one year high of $88.46.

Soitec Company Profile

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Soitec SA designs and manufactures semiconductor materials. The company operates through two segments: Electronics, and Royalties and Others Business. The Electronics segment provides services to semiconductor sector, producing and marketing substrates and components. The Others Business segment operates in Solar Energy sector, which also provides financing activities related to the Touwsrivier solar power plant in South Africa, as well as certain ongoing maintenance activities, primarily in Europe and the United States.