Sanford C. Bernstein Downgrades SUMCO (OTCMKTS:SUOPY) to Strong Sell

SUMCO (OTCMKTS:SUOPY) was downgraded by research analysts at Sanford C. Bernstein from a “hold” rating to a “strong sell” rating in a report released on Friday,Zacks.com reports.

Separately, Nomura Securities raised SUMCO to a “strong-buy” rating in a research report on Monday, September 29th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy”.

SUMCO Stock Up 3.4%

Shares of OTCMKTS SUOPY opened at $22.44 on Friday. The firm has a market cap of $3.93 billion, a price-to-earnings ratio of 57.54 and a beta of 1.18. The company has a quick ratio of 1.28, a current ratio of 2.97 and a debt-to-equity ratio of 0.50. SUMCO has a 52-week low of $10.29 and a 52-week high of $24.15. The business’s 50 day moving average is $19.51 and its two-hundred day moving average is $16.21.

About SUMCO

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.