Soitec (OTCMKTS:SLOIY) Earns Overweight Rating from Analysts at Morgan Stanley

Morgan Stanley assumed coverage on shares of Soitec (OTCMKTS:SLOIY – Get Rating) in a report issued on Thursday, The Fly reports. The brokerage issued an overweight rating on the stock.

Several other research firms have also commented on SLOIY. Susquehanna assumed coverage on Soitec in a research report on Monday, May 8th. They set a positive rating on the stock. Jefferies Financial Group raised Soitec from a hold rating to a buy rating in a research report on Wednesday, April 19th. Finally, JPMorgan Chase & Co. lowered Soitec from a neutral rating to an underweight rating in a research report on Friday, May 12th. One analyst has rated the stock with a sell rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average price target of $221.40.

Soitec Price Performance

Soitec stock opened at $75.95 on Thursday. The stock’s 50 day moving average price is $75.95 and its 200 day moving average price is $79.98. Soitec has a one year low of $66.93 and a one year high of $88.46.

About Soitec

(Get Rating)

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.