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

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

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

Siltronic Stock Up 13.9%

SSLLF opened at $88.08 on Thursday. The company has a fifty day moving average of $103.15 and a 200 day moving average of $81.81. Siltronic has a fifty-two week low of $49.09 and a fifty-two 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.