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

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

Other analysts have also issued reports about the stock. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Siltronic in a research report on Wednesday, May 6th. Jefferies Financial Group reissued a “buy” rating on shares of Siltronic in a research note on Thursday. BNP Paribas Exane upgraded Siltronic to an “outperform” rating in a report on Thursday, July 9th. Citigroup restated a “neutral” rating on shares of Siltronic in a report on Monday, June 1st. Finally, Oddo Bhf lowered Siltronic to an “underperform” rating in a research report on Monday, May 4th. One 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 assigned a Sell rating to the company’s stock. According to MarketBeat, Siltronic currently has a consensus rating of “Moderate Buy”.

Siltronic Trading Up 13.9%

Shares of OTCMKTS:SSLLF opened at $88.08 on Thursday. The company’s fifty day moving average is $103.15 and its 200 day moving average is $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.