X-FAB Silicon Foundries (OTCMKTS:XFABF) Stock Price Down 3.6% – What’s Next?

X-FAB Silicon Foundries SE (OTCMKTS:XFABF)’s stock price traded down 3.6% during trading on Friday . The stock traded as low as $6.75 and last traded at $6.75. Approximately 14,950 shares were traded during mid-day trading, an increase of 109% from the average daily volume of 7,156 shares. The stock had previously closed at $7.00.

Analysts Set New Price Targets

XFABF has been the subject of a number of research reports. Sanford C. Bernstein upgraded X-FAB Silicon Foundries from a “market perform” rating to an “outperform” rating in a research note on Tuesday, June 23rd. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of X-FAB Silicon Foundries in a report on Friday, July 10th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

X-FAB Silicon Foundries Price Performance

The stock’s 50-day moving average price is $10.00 and its 200-day moving average price is $7.53.

About X-FAB Silicon Foundries

-FAB Silicon Foundries SE operates as an analog/mixed-signal semiconductor technology foundry. The company manufactures silicon wafers for automotive, industrial, consumer, medical, and mobile communications, and other applications; and analog/mixed-signal integrated circuits, sensors, and micro-electro-mechanical systems. It provides manufacturing and design support services for customers that design analog/mixed-signal integrated circuits and other semiconductor devices, as well as engineering and prototyping, outsourcing, technical, and design support services.