DZ Bank Downgrades Siltronic (OTCMKTS:SSLLF) to Hold

Siltronic (OTCMKTS:SSLLF) was downgraded by stock analysts at DZ Bank from a “strong-buy” rating to a “hold” rating in a research report issued on Tuesday,Zacks.com reports.

Siltronic Stock Performance

Shares of OTCMKTS SSLLF opened at $51.00 on Tuesday. The company has a 50 day simple moving average of $45.88 and a 200 day simple moving average of $55.50. Siltronic has a 1 year low of $40.00 and a 1 year high of $94.24.

Siltronic (OTCMKTS:SSLLF) last released its quarterly earnings results on Thursday, March 6th. The company reported ($0.09) earnings per share (EPS) for the quarter. The firm had revenue of $384.69 million for the quarter.

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.