Siltronic (OTCMKTS:SSLLF – Get Free Report) issued its quarterly earnings results on Wednesday. The company reported ($1.68) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.98) by $0.30, Zacks reports.
Siltronic Stock Up 4.6%
OTCMKTS SSLLF traded up $2.91 on Wednesday, reaching $66.10. 100 shares of the company’s stock traded hands, compared to its average volume of 371. The stock has a 50-day simple moving average of $83.96 and a 200 day simple moving average of $83.57. Siltronic has a 12 month low of $53.70 and a 12 month high of $122.95.
Wall Street Analysts Forecast Growth
A number of research firms recently commented on SSLLF. BNP Paribas Exane raised shares of Siltronic to an “outperform” rating in a research report on Thursday, July 9th. DZ Bank upgraded Siltronic from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 30th. UBS Group upgraded Siltronic from a “hold” rating to a “buy” rating in a research report on Monday, August 3rd. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Siltronic in a report on Wednesday, October 7th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.
Read Our Latest Stock Analysis on SSLLF
About Siltronic
Siltronic AG is a Germany-based manufacturer of hyperpure silicon wafers used in the production of semiconductor devices. The company supplies wafer products primarily to integrated device manufacturers and semiconductor foundries, which use them as substrates for fabricating microchips.
Its product portfolio includes polished silicon wafers, epitaxial wafers and other specialty wafer solutions in various diameters, including 200-millimeter and 300-millimeter formats. These products support applications across computing, communications, automotive electronics, industrial equipment and consumer devices.
Siltronic traces its origins to semiconductor-wafer activities established by Wacker Chemie and became an independently listed company in 2015.
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