SUMCO (OTCMKTS:SUOPY) Shares Climb 14.9% – What’s Next?

Shares of SUMCO (OTCMKTS:SUOPY) shot up 14.9% on Wednesday. The stock traded as high as $27.76 and last traded at $27.01. Approximately 13,692 shares traded hands during trading, an increase of 8% from the average daily volume of 12,675 shares. The stock had previously closed at $23.50.

Analysts Set New Price Targets

Separately, UBS Group raised SUMCO to a “buy” rating in a research note on Tuesday, September 29th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

SUMCO Stock Performance

The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.53 and a current ratio of 3.37. The firm has a market cap of $4.82 billion, a P/E ratio of -26.76 and a beta of 1.63. The company’s 50 day moving average is $36.49 and its 200 day moving average is $36.20.

SUMCO (OTCMKTS:SUOPY) last announced its quarterly earnings results on Wednesday, November 11th. The company reported ($0.16) EPS for the quarter. SUMCO had a negative net margin of 6.60% and a negative return on equity of 4.24%. As a group, equities analysts predict that SUMCO will post -0.62 earnings per share for the current fiscal year.

About SUMCO

SUMCO Corporation is a Japan-based manufacturer of silicon wafers, the foundational materials used to produce semiconductor devices. Its products include polished and epitaxial wafers supplied to semiconductor manufacturers for use in a range of applications. The company was established in 1999 as Sumitomo Mitsubishi Silicon Corporation through the combination of silicon wafer businesses associated with Sumitomo Metal Industries and Mitsubishi Materials. It adopted the SUMCO name in 2002. Headquartered in Japan, SUMCO serves semiconductor manufacturers around the world.