Siltronic AG (OTCMKTS:SSLLF) Given Consensus Rating of “Moderate Buy” by Brokerages

Siltronic AG (OTCMKTS:SSLLF) has earned an average recommendation of “Moderate Buy” from the seven ratings firms that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company.

Several research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Siltronic in a research note on Wednesday, May 6th. Oddo Bhf lowered shares of Siltronic to an “underperform” rating in a research note on Monday, May 4th. DZ Bank upgraded shares of Siltronic from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 30th. Citigroup restated a “neutral” rating on shares of Siltronic in a report on Monday, June 1st. Finally, BNP Paribas Exane raised Siltronic to an “outperform” rating in a research report on Thursday, July 9th.

Siltronic Price Performance

SSLLF opened at $92.00 on Friday. The stock has a fifty day moving average price of $101.08 and a 200 day moving average price of $83.05. Siltronic has a 1 year low of $49.09 and a 1 year high of $122.95.

Siltronic Company Profile

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.