Siltronic (OTCMKTS:SSLLF) Rating Increased to Strong-Buy at DZ Bank

Siltronic (OTCMKTS:SSLLF) was upgraded by investment analysts at DZ Bank from a “hold” rating to a “strong-buy” rating in a report released on Thursday,Zacks.com reports.

Several other analysts have also recently weighed in on SSLLF. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Siltronic in a report on Wednesday, May 6th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Siltronic in a research report on Thursday. BNP Paribas Exane raised shares of Siltronic to an “outperform” rating in a research report on Thursday, July 9th. Citigroup reaffirmed a “neutral” rating on shares of Siltronic in a research note on Monday, June 1st. Finally, Oddo Bhf cut shares of Siltronic to an “underperform” rating in a research report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Siltronic has an average rating of “Moderate Buy”.

Siltronic Stock Performance

Shares of Siltronic stock opened at $88.08 on Thursday. The business has a 50 day moving average of $103.15 and a 200 day moving average of $81.81. Siltronic has a 52 week low of $49.09 and a 52 week 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.