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

Shares of Siltronic AG (OTCMKTS:SSLLF) have been assigned a consensus recommendation of “Moderate Buy” from the seven research firms that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company.

SSLLF has been the subject of several recent analyst reports. DZ Bank raised shares of Siltronic from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 30th. UBS Group raised Siltronic from a “hold” rating to a “buy” rating in a report on Monday, August 3rd. Jefferies Financial Group restated a “buy” rating on shares of Siltronic in a research report on Thursday, July 30th. Citigroup reaffirmed a “neutral” rating on shares of Siltronic in a research note on Monday, June 1st. Finally, BNP Paribas Exane upgraded Siltronic to an “outperform” rating in a research report on Thursday, July 9th.

Siltronic Price Performance

Shares of OTCMKTS SSLLF opened at $80.71 on Friday. Siltronic has a 1 year low of $51.38 and a 1 year high of $122.95. The firm has a fifty day moving average price of $92.25 and a 200-day moving average price of $89.20.

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.