Siltronic (OTCMKTS:SSLLF) Shares Down 14% – Here’s What Happened

Shares of Siltronic AG (OTCMKTS:SSLLF) traded down 14% on Thursday . The company traded as low as $97.94 and last traded at $97.94. 200 shares traded hands during trading, a decline of 47% from the average session volume of 378 shares. The stock had previously closed at $113.84.

Analyst Ratings Changes

A number of research analysts recently commented on SSLLF shares. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Siltronic in a research report on Wednesday, May 6th. Citigroup restated a “neutral” rating on shares of Siltronic in a research note on Monday, June 1st. Oddo Bhf lowered Siltronic to an “underperform” rating in a report on Monday, May 4th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Siltronic in a research report on Wednesday, April 29th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

Siltronic Price Performance

The company has a 50-day moving average of $100.18 and a 200-day moving average of $74.71.

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.