Siltronic (OTCMKTS:SSLLF) Shares Down 11.3% – Here’s Why

Siltronic AG (OTCMKTS:SSLLF) shares dropped 11.3% on Tuesday. The company traded as low as $80.53 and last traded at $80.53. Approximately 10 shares were traded during mid-day trading, a decline of 97% from the average daily volume of 385 shares. The stock had previously closed at $90.84.

Wall Street Analysts Forecast Growth

SSLLF has been the subject of a number of research reports. Jefferies Financial Group reaffirmed a “buy” rating on shares of Siltronic in a research note on Wednesday, October 7th. DZ Bank raised shares of Siltronic from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 30th. BNP Paribas Exane upgraded shares of Siltronic to an “outperform” rating in a research report on Thursday, July 9th. Finally, UBS Group raised shares of Siltronic from a “hold” rating to a “buy” rating in a research note on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Siltronic Stock Down 4.1%

The firm’s fifty day moving average price is $89.19 and its 200-day moving average price is $92.09.

About Siltronic

Siltronic AG is a Germany-based manufacturer of silicon wafers used in the production of semiconductor devices. The company supplies wafers to chip manufacturers, which use them as the foundational material for integrated circuits in applications such as automotive electronics, communications, computing, consumer products and industrial systems.

Its product portfolio includes polished silicon wafers, epitaxial wafers and other specialty wafer products, with substrates available in different diameters and specifications.