X-FAB Silicon Foundries (OTC:XFABF) Stock Price Down 14.8% – Here’s What Happened

X-FAB Silicon Foundries SE (OTC:XFABF)’s stock price was down 14.8% on Friday . The stock traded as low as $5.24 and last traded at $5.24. Approximately 1,000 shares were traded during mid-day trading, a decline of 38% from the average daily volume of 1,619 shares. The stock had previously closed at $6.15.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft lowered shares of X-FAB Silicon Foundries from a “buy” rating to a “hold” rating in a research report on Monday. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

X-FAB Silicon Foundries Stock Down 14.8%

The company has a fifty day simple moving average of $7.69 and a 200-day simple moving average of $7.24.

X-FAB Silicon Foundries Company Profile

-FAB Silicon Foundries SE operates as an analog/mixed-signal semiconductor technology foundry. The company manufactures silicon wafers for automotive, industrial, consumer, medical, and mobile communications, and other applications; and analog/mixed-signal integrated circuits, sensors, and micro-electro-mechanical systems.