Siltronic (OTCMKTS:SSLLF) Upgraded by DZ Bank to “Strong-Buy” Rating

DZ Bank upgraded shares of Siltronic (OTCMKTS:SSLLF) from a hold rating to a strong-buy rating in a research report sent to investors on Thursday morning,Zacks.com reports.

SSLLF has been the topic of a number of other research reports. Oddo Bhf lowered Siltronic to an “underperform” rating in a report on Monday, May 4th. Citigroup reiterated a “neutral” rating on shares of Siltronic in a report on Monday, June 1st. Jefferies Financial Group reissued a “buy” rating on shares of Siltronic in a research report on Thursday. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Siltronic in a research note on Wednesday, May 6th. Finally, BNP Paribas Exane raised Siltronic to an “outperform” rating in a research note on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Siltronic Stock Performance

SSLLF stock opened at $88.08 on Thursday. The firm’s 50-day moving average is $103.15 and its two-hundred day moving average is $81.81. Siltronic has a 52 week low of $49.09 and a 52 week high of $122.95.

About Siltronic

Siltronic AG is a Germany‐based manufacturer specializing in the production of hyperpure silicon wafers for the semiconductor industry. These wafers serve as the foundational substrate for a wide array of electronic devices, including integrated circuits, discrete power components and sensor technologies. Headquartered in Munich, Siltronic’s wafers are a critical input used by chipmakers worldwide to fabricate advanced microelectronic components for consumer electronics, automotive systems and industrial applications.

The origins of Siltronic trace back to its establishment as a spin-off from Siemens’ semiconductor materials division in 2001.