X-FAB Silicon Foundries (OTC:XFABF) Trading Down 0.7% – Here’s Why

X-FAB Silicon Foundries SE (OTC:XFABF) was down 0.7% during mid-day trading on Friday . The company traded as low as $5.33 and last traded at $5.33. Approximately 4,255 shares were traded during trading, an increase of 374% from the average daily volume of 897 shares. The stock had previously closed at $5.37.

Wall Street Analyst Weigh In

XFABF has been the subject of several research reports. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of X-FAB Silicon Foundries in a report on Monday, February 9th. Sanford C. Bernstein started coverage on X-FAB Silicon Foundries in a report on Wednesday, January 14th. They set a “market perform” rating on the stock. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, X-FAB Silicon Foundries presently has an average rating of “Hold”.

X-FAB Silicon Foundries Trading Down 0.7%

The stock’s fifty day simple moving average is $6.04 and its 200 day simple moving average is $6.89.

About X-FAB Silicon Foundries

-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. It provides manufacturing and design support services for customers that design analog/mixed-signal integrated circuits and other semiconductor devices, as well as engineering and prototyping, outsourcing, technical, and design support services.