Siltronic (OTCMKTS:SSLLF) Shares Up 19.7% – What’s Next?

Shares of Siltronic AG (OTCMKTS:SSLLF) shot up 19.7% during trading on Wednesday . The stock traded as high as $61.50 and last traded at $61.50. 100 shares traded hands during mid-day trading, a decline of 83% from the average session volume of 582 shares. The stock had previously closed at $51.38.

Analyst Upgrades and Downgrades

Separately, Citigroup cut shares of Siltronic from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 15th. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Siltronic has a consensus rating of “Hold”.

Siltronic Trading Up 19.7%

The company’s 50 day moving average price is $49.98 and its 200-day moving average price is $45.22.

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.