Siltronic AG (OTCMKTS:SSLLF) Given Average Rating of “Moderate Buy” by Analysts

Shares of Siltronic AG (OTCMKTS:SSLLF) have earned a consensus recommendation of “Moderate Buy” from the six ratings firms that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company.

A number of research firms recently issued reports on SSLLF. Citigroup reaffirmed a “neutral” rating on shares of Siltronic in a research note on Monday, June 1st. DZ Bank raised Siltronic from a “hold” rating to a “strong-buy” rating in a research report on Thursday. BNP Paribas Exane raised shares of Siltronic to an “outperform” rating in a research report on Thursday, July 9th. Oddo Bhf lowered shares of Siltronic to an “underperform” rating in a research note on Monday, May 4th. Finally, Jefferies Financial Group restated a “buy” rating on shares of Siltronic in a report on Thursday.

Siltronic Price Performance

Siltronic stock opened at $88.08 on Friday. The stock has a fifty day simple moving average of $103.15 and a two-hundred day simple moving average of $81.81. Siltronic has a 12 month low of $49.09 and a 12 month 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.