Siltronic AG (OTCMKTS:SSLLF) Receives Average Recommendation of “Moderate Buy” from Brokerages

Siltronic AG (OTCMKTS:SSLLF) has been assigned a consensus rating of “Moderate Buy” from the six brokerages that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company.

SSLLF has been the topic of a number of research analyst reports. Oddo Bhf lowered Siltronic to an “underperform” rating in a research report on Monday, May 4th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Siltronic in a research report on Wednesday, May 6th. DZ Bank upgraded shares of Siltronic from a “hold” rating to a “strong-buy” rating in a report on Thursday. BNP Paribas Exane upgraded shares of Siltronic to an “outperform” rating in a research note on Thursday, July 9th. Finally, Citigroup reissued a “neutral” rating on shares of Siltronic in a research note on Monday, June 1st.

Siltronic Stock Performance

Shares of OTCMKTS SSLLF opened at $88.08 on Friday. The company has a 50 day simple moving average of $103.15 and a 200-day simple moving average of $81.81. Siltronic has a 1 year low of $49.09 and a 1 year high of $122.95.

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.