SUMCO (OTCMKTS:SUOPY) Stock Price Down 15% – Time to Sell?

SUMCO (OTCMKTS:SUOPY)’s share price was down 15% on Wednesday . The company traded as low as $19.4450 and last traded at $19.70. Approximately 842 shares traded hands during mid-day trading, a decline of 77% from the average daily volume of 3,658 shares. The stock had previously closed at $23.19.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on SUOPY. Nomura Securities upgraded shares of SUMCO to a “strong-buy” rating in a research note on Monday, September 29th. Sanford C. Bernstein cut SUMCO from a “hold” rating to a “strong sell” rating in a research report on Friday, October 24th. One analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, SUMCO has a consensus rating of “Moderate Buy”.

SUMCO Trading Down 15.0%

The company has a quick ratio of 1.28, a current ratio of 2.97 and a debt-to-equity ratio of 0.50. The firm’s 50 day moving average is $20.20 and its two-hundred day moving average is $16.72. The stock has a market cap of $3.45 billion, a price-to-earnings ratio of 50.51 and a beta of 1.23.

SUMCO Company Profile

Sumco Corporation manufactures and sells silicon wafers for the semiconductor industry in Japan, the United States, China, Taiwan, Korea, and internationally. It provides monocrystalline ingots, as well as polished, annealed, epitaxial, junction isolated, silicon-on-insulator, and reclaimed polished wafers.