Siltronic (FRA:WAF) Shares Up 1% – Here’s Why

Siltronic AG (FRA:WAF) shot up 1% during trading on Wednesday . The company traded as high as €56.85 and last traded at €55.80. 38,630 shares traded hands during mid-day trading, The stock had previously closed at €55.25.

Siltronic Trading Down 1.4%

The firm has a 50-day simple moving average of €53.81 and a two-hundred day simple moving average of €50.15.

Siltronic Company Profile

Siltronic AG, together with its subsidiaries, provides hyperpure semiconductor silicon wafers in Germany, rest of Europe, the United States, Taiwan and Mainland China, Korea, and Rest of Asia. It offers polished and epitaxial wafers. The company provides special products, such as Ultimate Silicon, an optimal crystal for polished wafers; Float zone/FZ, a wafer product based on the float zone method; and HIREF that offers low microroughness, and low-defect surface structure. Its products are used in computers, smartphones, industrial equipment, wind turbines, and cars with and without electric drives.