Siltronic (OTCMKTS:SSLLF) Downgraded to Hold Rating by DZ Bank

DZ Bank downgraded shares of Siltronic (OTCMKTS:SSLLF) from a strong-buy rating to a hold rating in a research note released on Tuesday,Zacks.com reports.

Siltronic Price Performance

OTCMKTS SSLLF opened at $51.00 on Tuesday. Siltronic has a 52-week low of $40.00 and a 52-week high of $94.24. The business has a 50 day simple moving average of $45.88 and a 200 day simple moving average of $55.50.

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

Siltronic Company Profile

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.