Siltronic (OTCMKTS:SSLLF) Releases Quarterly Earnings Results, Misses Estimates By $0.26 EPS

Siltronic (OTCMKTS:SSLLF) released its quarterly earnings results on Wednesday. The company reported ($2.25) EPS for the quarter, missing the consensus estimate of ($1.99) by ($0.26), Zacks reports.

Siltronic Stock Performance

OTCMKTS SSLLF remained flat at $77.00 during trading hours on Wednesday. The stock’s 50 day moving average is $66.81 and its two-hundred day moving average is $62.00. Siltronic has a one year low of $39.79 and a one year high of $77.00.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group reiterated a “buy” rating on shares of Siltronic in a research note on Wednesday. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Siltronic has a consensus rating of “Moderate Buy”.

Siltronic Company Profile

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.