Siltronic (FRA:WAF) Shares Up 5.4% – Here’s Why

Siltronic AG (FRA:WAF)’s stock price shot up 5.4% on Wednesday . The stock traded as high as €56.75 and last traded at €56.45. 88,802 shares changed hands during mid-day trading, The stock had previously closed at €53.55.

Siltronic Trading Up 5.4%

The company has a 50-day moving average price of €50.59 and a 200-day moving average price of €46.48.

About Siltronic

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.