X-FAB Silicon Foundries (OTC:XFABF) Shares Up 1.3% – Here’s Why

X-FAB Silicon Foundries SE (OTC:XFABF)’s share price traded up 1.3% on Wednesday . The company traded as high as $6.28 and last traded at $6.28. 1,100 shares traded hands during mid-day trading, an increase of 144% from the average session volume of 450 shares. The stock had previously closed at $6.20.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft downgraded shares of X-FAB Silicon Foundries from a “buy” rating to a “hold” rating in a report on Monday, November 3rd. Sanford C. Bernstein began coverage on X-FAB Silicon Foundries in a report on Wednesday, January 14th. They issued a “market perform” rating for the company. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

X-FAB Silicon Foundries Stock Performance

The business’s fifty day moving average price is $5.90 and its 200 day moving average price is $7.13.

About X-FAB Silicon Foundries

-FAB Silicon Foundries SE operates as an analog/mixed-signal semiconductor technology foundry. The company manufactures silicon wafers for automotive, industrial, consumer, medical, and mobile communications, and other applications; and analog/mixed-signal integrated circuits, sensors, and micro-electro-mechanical systems. It provides manufacturing and design support services for customers that design analog/mixed-signal integrated circuits and other semiconductor devices, as well as engineering and prototyping, outsourcing, technical, and design support services.