Siltronic (OTCMKTS:SSLLF) Trading Down 8.6% – Here’s Why

Siltronic AG (OTCMKTS:SSLLFGet Free Report) traded down 8.6% on Monday . The stock traded as low as $43.43 and last traded at $43.43. 400 shares changed hands during mid-day trading, an increase of 67% from the average session volume of 240 shares. The stock had previously closed at $47.51.

Wall Street Analyst Weigh In

Separately, Citigroup raised Siltronic to a “strong-buy” rating in a research note on Thursday, October 10th.

View Our Latest Report on Siltronic

Siltronic Trading Down 8.6 %

The firm’s 50 day simple moving average is $51.27 and its 200-day simple moving average is $65.92.

Siltronic (OTCMKTS:SSLLFGet Free Report) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.66 earnings per share for the quarter. The business had revenue of $392.68 million for the quarter.

About Siltronic

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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.

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