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

Siltronic AG (OTCMKTS:SSLLF) has been given an average rating of “Moderate Buy” by the seven research firms that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company.

SSLLF has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Siltronic in a research note on Wednesday, May 6th. Citigroup reissued a “neutral” rating on shares of Siltronic in a research note on Monday, June 1st. Jefferies Financial Group reaffirmed a “buy” rating on shares of Siltronic in a research note on Thursday, July 30th. BNP Paribas Exane raised Siltronic to an “outperform” rating in a research note on Thursday, July 9th. Finally, DZ Bank upgraded Siltronic from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 30th.

Siltronic Price Performance

Shares of OTCMKTS SSLLF opened at $92.60 on Wednesday. Siltronic has a 12-month low of $49.09 and a 12-month high of $122.95. The firm’s 50-day moving average is $95.18 and its two-hundred day moving average is $87.07.

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.