X-FAB Silicon Foundries (OTCMKTS:XFABF) Stock Price Up 49% – Time to Buy?

X-FAB Silicon Foundries SE (OTCMKTS:XFABF) shares rose 49% during trading on Monday . The stock traded as high as $8.15 and last traded at $8.15. Approximately 12,888 shares traded hands during mid-day trading, an increase of 722% from the average daily volume of 1,568 shares. The stock had previously closed at $5.47.

Analysts Set New Price Targets

XFABF has been the subject of several recent analyst reports. Sanford C. Bernstein initiated coverage on X-FAB Silicon Foundries in a report on Wednesday, January 14th. They issued a “market perform” rating for the company. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of X-FAB Silicon Foundries in a report on Monday, February 9th. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

X-FAB Silicon Foundries Trading Down 3.1%

The stock has a fifty day moving average price of $5.64 and a 200-day moving average price of $6.08.

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.