Siltronic (OTCMKTS:SSLLF – Get Free Report) announced its quarterly earnings results on Thursday. The company reported ($1.99) earnings per share (EPS) for the quarter, beating the consensus estimate of ($2.14) by $0.15, Zacks reports.
Siltronic Price Performance
Siltronic stock remained flat at $77.35 during midday trading on Thursday. The company had a trading volume of 201 shares, compared to its average volume of 354. The stock’s 50-day moving average price is $103.92 and its 200-day moving average price is $81.61. Siltronic has a twelve month low of $49.09 and a twelve month high of $122.95.
Wall Street Analysts Forecast Growth
SSLLF has been the topic of a number of research analyst reports. BNP Paribas Exane upgraded Siltronic to an “outperform” rating in a report on Thursday, July 9th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Siltronic in a research note on Wednesday, May 6th. Jefferies Financial Group reissued a “buy” rating on shares of Siltronic in a research report on Thursday. Citigroup restated a “neutral” rating on shares of Siltronic in a research note on Monday, June 1st. Finally, Oddo Bhf downgraded shares of Siltronic to an “underperform” rating in a research report on Monday, May 4th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Siltronic has an average rating of “Hold”.
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.
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