Siltronic (OTCMKTS:SSLLF) Shares Down 15.6% – What’s Next?

Siltronic AG (OTCMKTS:SSLLF) dropped 15.6% during mid-day trading on Friday . The stock traded as low as $53.70 and last traded at $53.70. Approximately 3,200 shares were traded during trading, an increase of 482% from the average daily volume of 550 shares. The stock had previously closed at $63.5950.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Jefferies Financial Group raised shares of Siltronic from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 20th. Citigroup reaffirmed a “neutral” rating on shares of Siltronic in a research report on Monday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Siltronic Stock Down 15.6%

The business’s 50 day simple moving average is $60.71 and its two-hundred day simple moving average is $52.28.

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.